According to CoinMeta, the crypto industry is facing its biggest legislative challenge in September, as the voting on the Crypto Market Structure Act, also known as the Clear Act, is approaching. However, industry participants are pessimistic about the chances of the bill passing. The act aims to establish a framework for the crypto industry, delineate the regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and enhance anti-money laundering protections. Despite efforts by crypto executives and President Trump to encourage investors, many believe that the Clear Act is now hopeless for 2026. Arizona Senator Ruben Gallego is pushing for a bipartisan compromise regarding ethical language in the bill. While there is still a chance to move the bill forward, Republicans and Democrats need to reach a consensus. After years of hostile regulation, the crypto industry may have learned to continue moving forward without a clear framework.