Clarity Act vote fails, but not necessarily dead, says John Kennedy

KuCoinFlash

Release Time: 2026/09/15 19:43:18

Summary

U.S. Senator John Kennedy said the failed Clarity Act vote does not mean the bill is dead, adding that work could continue during the lame-duck session. He called for bipartisan efforts in crypto news. Senator Ted Cruz echoed this sentiment, saying the bill is “almost dead” but not dead, and accused Democrats of undermining crypto jobs. On-chain news shows growing legislative interest, but progress remains stalled.

Odaily Planet Daily report: Fox Business crypto journalist posted on X that U.S. Senator John Kennedy said he was “not surprised” by the failure of the Clarity Act vote, but does not believe the bill is dead. Kennedy stated that his Democratic colleagues understand the need to establish a cryptocurrency market structure that appears intentionally designed, but such work will have to wait until the lame-duck session.

U.S. Senator Ted Cruz invoked the movie *The Princess Bride*, stating there is a significant difference between a bill being "dead" and being "mostly dead," and expressed hope that it could be revived. Cruz blamed Democrats for the failed vote, accusing them of "playing politics" and pushing crypto industry activities and jobs overseas.

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