LexRegPulse Daily - Sep 16, 2026
Alex here. This is LexRegPulse Daily for Wednesday, September 16, 2026.
The CLARITY Act died Tuesday on a 49-50 cloture vote, eleven short of what it needed. No Democrat voted yes. Their objection was ethics guardrails, not market structure — which means the stablecoin yield fight banks spent a month waging stays unresolved in statute. Bitcoin fell below $76,000. Digital-asset ETFs lost $592 million. Coinbase dropped nearly 9%, Circle 11%. Reconsideration waits for the next Congress.
Here's the practical read: with no statute, the question of which venues and tokens sit under the SEC versus…
The skinny
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