Democrats proposed the CLARITY Act to regulate crypto industry activities, including requiring officials to divest significant crypto holdings within 180 days, mandating disclosure of paid promoters' compensation, and strengthening DeFi protections and customer safeguards, but Republicans rejected the counteroffer. Meanwhile, Coixa launched its Android app for DeFi trading, and confidential yield-earning capabilities expanded for major stablecoins and wrapped Bitcoin.
Bitcoin fell below $76,000 as negotiations over the Crypto Clarity Act stalled in Congress. Treasury Secretary Scott Bessent pushed for passage of the bill, which would establish a Strategic Bitcoin Reserve, while Democrats blocked the measure hours before a scheduled vote. Republican support appears sufficient among most party members, but the bill needs 60 votes to pass and approval odds hover around 51%.
X users discuss the upcoming U.S. Senate vote on the CLARITY Act scheduled for September 16, 2026, at 3:15 AM Japan time, which will determine regulatory frameworks for Bitcoin and cryptocurrency. Republicans have rejected Democrats' counteroffer, raising concerns about the bill's passage prospects. Prediction markets show volatility, with approval odds fluctuating from 82% to 16% to 25% in recent months.
X posts discuss DeFi infrastructure simplification, Republican-Democrat disagreements over cryptocurrency regulation proposals, HertzFlow leverage trading platform backed by Binance with $7M TVL, and a video compilation of 12 cryptocurrency tracking websites.