Senate Clarity Act Vote Fails, Stalling Crypto Regulation Until 2027
The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, with a 49-50 vote falling short of the 60 votes required. The failure stems from Democratic opposition to insufficient ethics safeguards regarding President Trump's crypto holdings. This procedural defeat stalls comprehensive market structure legislation, shifting regulatory momentum to agency-level actions and delaying federal rules until after the November midterms.