Browsing: Rejects

Add preferred source The U.S. Senate rejected the Digital Asset Market Clarity Act in a 49-50 procedural vote on Tuesday, falling 11 votes short of the 60 needed to advance. Four Republicans joined nearly all Democrats in opposition. The bill would have established a regulatory framework dividing oversight between the SEC and CFTC. Democratic opposition…

A procedural vote on the Clarity Act, a U.S. bill that would set the market structure for digital assets, failed in the Senate after Republicans and Democrats were unable to narrow their differences over ethics provisions covering senior public officials. Shares of crypto-related companies fell sharply

Add preferred source The U.S. Senate on the 15th held a procedural vote on whether to begin debate on the Clarity Act, a bill establishing a comprehensive regulatory framework for the crypto asset market. The motion failed 49-50, falling well short of the 60 votes needed to proceed. Bitcoin fell below $76,000 on the 16th,…

Add preferred source1 The U.S. Senate on the 15th (local time) rejected a procedural vote to advance the CLARITY Act, a digital asset market structure bill, by a margin of 49 to 50. Disagreements over President Donald Trump’s crypto business conflicts of interest and stablecoin yield restrictions ultimately derailed the legislation. Immediately following the vote,…