U.S. Senate Rejects CLARITY Act After Key Negotiators Vote Against It

The U.S. Senate failed to advance the CLARITY Act after it did not reach the required 60-vote threshold for a cloture motion. Several Democratic senators who were involved in the bill's negotiations voted against the measure, leading industry insiders to suggest the legislation is effectively dead. The bill aimed to establish a regulatory framework for digital assets by dividing oversight responsibilities between the CFTC and the SEC.