Crypto Clarity Act flames out in failed U.S. Senate vote
The years-long effort to set U.S. regulations for crypto markets couldn’t muster enough support to make the leap over the Senate’s final 60-vote hurdle.
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Summary
- The crypto Clarity Act failed to get the 60 votes needed to advance in the U.S. Senate after months of intense negotiations.
- In the absence of market structure law, the industry will be focusing close attention on the federal regulators — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — that are already at work on crypto rules.
