CLARITY Act fails procedural vote in US Senate
- —Ending debate required 60 votes, with 47 senators opposed
- —The vote was procedural, not on final passage of the bill
- —Lummis's last speech did not change the vote count
- —Republicans rejected a Democratic counterproposal on ethics rules
Why it matters: The US crypto market structure bill is blocked, leaving the SEC and CFTC with their current powers and prolonging regulatory uncertainty for the industry.
Source: Coindoo
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