CLARITY Act Fails in Senate Vote
The CLARITY Act, a comprehensive crypto regulation bill, failed to advance in the Senate with a vote of 49-50, falling short of the required 60 votes. The bill aimed to establish uniform standards for regulating the cryptocurrency market, separate the competencies of the SEC and CFTC, and establish rules for cryptocurrency exchanges. The failure of the bill marks a significant setback for the crypto industry's push for regulation in the U.S.26 sourcesSee all sources