What could happen if the CLARITY Act fails to pass in 2026

60-second summary
Failure of the CLARITY Act in 2026 gives the Senate only a narrow window to act, and a miss would likely force Democrats to rewrite or abandon the crypto market‑structure bill in 2027, creating regulatory uncertainty that could stall new digital‑asset products, delay institutional adoption, and keep price volatility elevated.
The US Senate has a limited window to pass a crypto market structure bill, but if it were to fail, the legislation could be completely remade or scrapped under Democrats in 2027.