US Senate Rejects CLARITY Act Procedural Vote

The US Senate voted 49-50 to reject a procedural vote on the CLARITY Act, a move Ripple CEO Brad Garlinghouse described as a painful setback. Despite the defeat, Republican Senator Thom Tillis has filed a motion to reconsider, keeping the bill alive for a potential second vote within the next two days. White House crypto advisor Patrick Witt expressed disappointment, warning that failure to act could leave the US lagging behind global standards, while industry advocates continue to monitor the legislative battle ahead of the November elections.