The Senate’s failure to advance the CLARITY Act has not changed the Bank Secrecy Act obligations facing covered U.S. crypto businesses. Customer identification, beneficial-ownership checks, sanctions screening, anti-money laundering controls and suspicious activity reporting remain required. Prove Global Head of Digital Assets and Sponsor Banks Fernando Castellanos said the legislation focused mainly on market structure and would have clarified regulatory responsibility rather than replaced existing compliance rules. The Senate rejected cloture on Sept. 15 by 49 votes to 50, leaving the motion 11 votes short of the 60 needed to begin debate. The vote was procedural, not a final decision on the bill, and seven Democratic senators said the result was not the end of bipartisan negotiations. No second vote has been scheduled while lawmakers continue disputing ethics provisions concerning elected officials’ digital-asset interests. Sponsor banks are expected to assess controls across the full customer and transaction lifecycle, including identity, wallet, sanctions, fraud and transaction-monitoring systems. Self-custodial wallet and decentralized-finance checks can be performed off-chain at regulated access points such as fiat on-ramps, off-ramps and application interfaces. AI agents, meanwhile, require authority linked to an identifiable person or company, limited in scope and duration, and revocable when transactions are initiated.