US Senate crypto bill collapses in blow to industry
- The defeat dealt a major blow to efforts to establish first comprehensive federal framework for digital-asset markets.
- The United States Senate has failed to advance comprehensive cryptocurrency legislation backed by President Donald Trump in a major blow for digital-asset companies and Republicans who had championed the bill for months.
- The Digital Asset Market Clarity Act failed on Tuesday to secure the 60 votes needed to advance to a debate in the Senate, with safeguards governing Trump’s extensive crypto interests among the biggest obstacles to a deal.
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- The defeat dealt a major blow to efforts to establish first comprehensive federal framework for digital-asset markets.
- The United States Senate has failed to advance comprehensive cryptocurrency legislation backed by President Donald Trump in a major blow for digital-asset companies and Republicans who had championed the bill for months.
- The Digital Asset Market Clarity Act failed on Tuesday to secure the 60 votes needed to advance to a debate in the Senate, with safeguards governing Trump’s extensive crypto interests among the biggest obstacles to a deal.
Sources: Al Jazeera