The Clarity Act Just Hit a Wall in the Senate and Crypto Is Watching

On Tuesday, the Clarity Act ran into the one thing years of crypto lobbying could not quite solve: the U.S. Senate. Lawmakers voted 49-50 on a procedural motion to advance the bill, falling short of the 60 votes needed to move forward.
The result does not formally kill the legislation. But it puts the Clarity Act in a remarkably awkward place, after more than a year of negotiations over how the U.S. should regulate digital assets at the federal level.“This one stings,” Ripple CEO Bra