Lummis says CLARITY Act has failed, Democrats push back
- —Cloture on the CLARITY Act failed: 49 votes against a 60-vote threshold
- —7 Democratic senators voted against the procedural motion
- —Lummis: "I think we're done. This is the end"
- —The same 7 Democrats said the next day they were ready for talks
Why it matters: Without the CLARITY Act, crypto regulation in the U.S. remains in the hands of the SEC and CFTC, prolonging uncertainty for the market.
Source: BeInCrypto KR