Key Points The Clarity Act failed to pass a cloture vote on Sept. 15. The next window for it to be taken up for a vote is in mid-November. Regulators are moving forward with a new rules package regardless of the vote in Congress. 10 stocks we like better than XRP › On Sept. 15, the Senate voted down the Clarity Act, a bill that would set the first federal market-structure rules for crypto and split oversight between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The Act is now likely shelved until after the Nov. 3 midterm elections, and it may not return even after that. In the 24 hours after the vote failed, cryptocurrencies like XRP (CRYPTO: XRP) fell 8.
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