CryptoCoinDeskabout 1 hour ago
Senate Rejects Crypto Clarity Act After Partisan Fight
1 min read
The U.S. Senate voted down the Digital Asset Market Clarity Act, a major crypto market structure bill, with only 49 votes in favor, falling 11 short of the 60 needed to advance. The failure followed last-minute disputes between Republicans and Democrats, primarily over ethics rules for President Trump's crypto holdings. Senator Cynthia Lummis, a key Republican sponsor, blamed Democrats, while Democrats accused Republican leadership of ending bipartisan negotiations prematurely.
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