Crypto industry spent $8M on CLARITY Act lobbying that fell short

A CoinDesk analysis found the crypto industry spent nearly $8 million on lobbyists in the first half of 2026, with most of the outlay tied to pushing the CLARITY Act — the U.S. market-structure bill that would have created a federal framework for digital assets. The spending did not close the deal: the bill failed to advance in the Senate, falling short of the 60 votes needed to clear a procedural hurdle (49-50).