Senate blocks first federal crypto framework, stalling regulation push this Congress

The Senate blocked the Clarity Act, a proposed federal framework for regulating digital assets, with a 50-49 vote that fell short of the 60 needed to proceed. Democrats opposed the measure, arguing it doesn’t require divestment by federal officials or adequately address ethics issues linked to Trump’s crypto empire, while Republicans offered tweaks. With limited time and deep partisan splits, passage this Congress appears unlikely despite ongoing negotiations.