Senate pushes sweeping crypto rulebook toward floor vote

The U.S. Senate moved to advance the Clarity Act, a sweeping bill to create a federal regulatory framework for cryptocurrencies, defining when tokens are securities or commodities and who oversees them. If it clears procedural hurdles, it could head to a full floor vote after the August recess but would require 60 votes (at least eight Democrats plus all Republicans). The move is a major win for Trump and the crypto industry, amid Democratic opposition on some provisions, with the White House backing the bill and industry groups spending heavily to support pro-crypto candidates.