In the first half of 2026, the cryptocurrency sector spent eight million dollars in lobbying to promote the Clarity Act, out of a total of thirteen million for the entire sector. The bill, which passed the House of Representatives in July 2025 by a vote of 294 to 134, failed in the Senate on September 15, 2026 by 49 to 50, just one vote short of the 60 needed. Without a legislative framework, the SEC and CFTC are moving forward on their own: the SEC approved standards enabling dozens of altcoin ETFs, while the CFTC authorized spot crypto trading on the exchanges it regulates. The sector has now shifted its resources toward political financing, with Fairshake holding over 90 million dollars for the November 3 elections.
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