
Crypto industry reacts after Clarity Act fails Senate vote
The Clarity Act fell short of 60 votes in the Senate. CoinDesk rounds up how crypto and banking leaders, including Matter Labs, are reading the outcome.

Published Oct 6, 2025 · Semafor
Semafor reports on the ADI Chain stablecoin initiative backed by Sheikh Tahnoon's conglomerate IHC, built on ZKsync technology, targeting international payments and digital identity across emerging markets.
Semafor exclusively reports on a major stablecoin and blockchain project led by entities chaired by Sheikh Tahnoon bin Zayed. The ADI Chain, powered by ZKsync, aims to bring international payments, digital identity, and energy trading to emerging markets, with subsidiaries of the $240 billion International Holding Co. integrating the technology into their operations.

The Clarity Act fell short of 60 votes in the Senate. CoinDesk rounds up how crypto and banking leaders, including Matter Labs, are reading the outcome.

Matter Labs open-sources Prividium's permissioning engine so institutions can run a permissioned chain in their own environment — Bundesbank tests it first.