The U.S. Senate on September 15, 2026, failed 49-50 to invoke cloture on H.R. 3633, the House-passed Digital Asset Market Clarity Act, leaving the bill on the Senate calendar without a scheduled return. The measure would have required crypto projects raising more than $25 million from the public to provide audited financial statements, a provision Senator Cynthia Lummis said Democrats had previously supported before voting against advancing the bill. The vote followed disputes over stablecoin yields, ethics provisions, consumer protections and regulatory jurisdiction, and was followed by $571 million in long futures liquidations over 24 hours. Bitcoin remained near $75,000 before recovering, while Coinbase Global and Circle Internet each initially fell about 10%. With legislation stalled, SEC Chair Paul Atkins and CFTC Chair Michael Selig said their agencies would use existing authority, including SEC conditional relief for tokenized-stock venues and a CFTC crypto market-structure prerule.