The US Senate rejected a procedural motion to advance the CLARITY Act, ending its latest effort to move forward with crypto market-structure legislation. H.R. 3633 failed to reach the 60 votes required to invoke cloture on the motion to proceed. The setback followed the breakdown of a final round of bipartisan negotiations, while several Democratic senators who had helped shape the measure declined to support its advancement, according to CryptoSlate. The vote prevents the bill from progressing in the Senate and marks a significant setback for one of the most consequential pending US crypto regulatory proposals. The source described the defeat as linked to an ethics dispute involving President Donald Trump, but the supplied material does not provide further details about that issue. The outcome is relevant to crypto assets including Ethereum and other tokens potentially affected by future US market-structure rules.
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CryptoSlate
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