16/09/2026
Breaking News: The much anticipated Clarity Act fails to be implemented.
By: Emmanuel Mkhwanazi
The Swazi Journal: 16th September 2026
Today the crypto industry woke up to sad news that the much talked about Clarity Act didnt make it due to dwindling votes in US Senate it was a fierce fight the outcome was expected as the New York advocate was robed in to oppose the Clarity Act passing. The Act was to ensue that crypto have clear rules also banks embrace transactional ledgers from crypto platforms if the Act met the 60 votes required yesterday that would mean officially digital assets would also be used as collateral by banks. while the Clarity Act didnt make it giant crypto firms like bitcoin, Pi Network, XRP, Solana, Coinbase, Dodge and many others is as business usual yes the outcome of the Clarity Act had a negative impact on the markets but the crypto firms will comtinue to operate with or without the Clarity Act. Banks may celebrate these results as it favours them but indiacators are to the effect that their celebrations will be short-lived as deliberstions over the Clarity Act might resume next year in January of which this time the US might have pressure to pass the Clarity Act to overtake BRICS countries who are also pushing to have their stable coin against the dollar. Donald Trump have all along been urging the Senate to pass the Clarity Act to make America great again he said if they dont do that China will overtake them and do it so this was not just about crypto business but this was about politics which played a major role for the defunt of the vote for the Clarity Act. The delay in passing of the Clarity Act has also enabled the Central bank of eSwatini not to rush to pass the crypto bill which has harmed local traders with debit cards for local banks permanently blocked to effect crypto transactions something which has forced Swazis to have banks accounts in South Africa. Many crypto investors across the globe were disapointed by the outcome of Clarity Act.