Former U.S. House Financial Services Committee chair Patrick McHenry said the cryptocurrency industry missed an opportunity to secure regulatory clarity by failing to accept workable compromises, according to an Odaily report citing Bitcoin.com News. He also acknowledged his own responsibility for the failure to advance comprehensive regulatory legislation.
The report was published on November 9, 2026, at 14:32:27 UTC+8.
The Digital Asset Market Clarity Act (CLARITY Act) passed the House of Representatives in 2025 by 294 votes to 134. However, a Senate procedural vote in September 2026 failed 49–50, leaving the legislation stalled. The House vote therefore did not result in an enacted law.
According to the report, Democrats won control of both chambers of Congress following the 2026 midterm elections, changing the outlook for the bill. The report did not specify what would happen next.
Source: Odaily, citing Bitcoin.com News.