Senate Rejects CLARITY Act as Fairshake Backs 32 Candidates

Crypto's largest election spending network is backing 32 House incumbents after the Senate declined to advance the CLARITY Act, according to CryptoNews. The Senate rejected cloture on a motion to proceed to the legislation by 49 votes to 50 on September 15, falling short of the 60 votes required to move to debate.

House Spending and Senate Hurdles

Following the vote, political action committee Fairshake announced support for 32 House incumbents, including an initial $1 million each for six candidates, after all 32 supported the bill. The AP account of the announcement identifies 19 Republicans and 13 Democrats among the supported incumbents. The organization has also pledged nearly $30 million against Ohio Democratic Senate candidate Sherrod Brown, though it has not disclosed a comparable Senate-wide plan.

Republican sponsors stated their last draft of the bill made 126 substantive changes requested by Democrats, but Democratic critics remained dissatisfied with conflict of interest protections. Senator Thom Tillis entered a motion to reconsider the failed cloture vote, leaving a procedural route to revisit the bill without guaranteeing necessary support.

Key facts

• The Senate rejected cloture on the CLARITY Act by 49 votes to 50 on September 15.
• Fairshake announced support for 32 House incumbents, committing $1 million each to six candidates.
• The group pledged nearly $30 million against Ohio Democratic Senate candidate Sherrod Brown.
• Sponsors reported that the final draft reflected 126 substantive changes requested by Democrats.
• Senator Thom Tillis entered a motion to reconsider the failed cloture vote.