Senate Falls Short on Crypto Framework as Clarity Act Fails to Clear Hurdle
TL;DR
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, losing 49-50 and missing the 60-vote threshold, leaving the crypto industry without a federal market-structure law and shifting regulatory momentum to the SEC and CFTC amid election-year dynamics.
- Crypto’s biggest Senate push falls flat as the Clarity Act fails to clear a crucial procedural vote CoinDesk
- Senate cloture vote on Clarity Act fails, dealing regulatory blow to crypto industry CNBC
- Bitcoin tumbles 4% to $75,000 as hopes of CLARITY Act passage this year fade Yahoo Finance
- US Senate to vote on advancing sweeping cryptocurrency bill Reuters
- Republicans pour cold water on Democratic crypto bill counteroffer Politico
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