Crypto bill falls short in early hurdle on Senate floor
- A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote.
- The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold.
- It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory framework for the crypto market.
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- A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote.
- The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold.
- It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory framework for the crypto market.
Sources: The Hill