US Senate

The U.S. Senate failed to advance the Digital Asset Market Clarity Act on Tuesday after a 49-50 cloture vote fell short of the 60 votes required to begin consideration of the legislation. H.R. 3633 would establish a federal market-structure framework for digital assets, dividing regulatory responsibilities between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC). The vote was procedural rather than final passage, leaving the bill stalled but still available for another attempt. Four Republicans Join…

Senate Republicans are pushing a merged CLARITY Act draft toward the floor without the Democratic support needed to clear a filibuster, leaving the crypto market-structure bill exposed to a narrowing pre-recess calendar. The latest draft combines work from the Senate Banking and Agriculture committees and adds more than 70 pages to the legislation that cleared Banking in May. Republicans briefed President Donald Trump on the revised framework Thursday, but Sen. Ruben Gallego, one of the Democrats involved in negotiations, said…

President Donald Trump will meet a group of senators at the White House on Thursday afternoon to discuss the CLARITY Act and its remaining path through the Senate. The lawmakers plan to brief Trump on the crypto market-structure bill’s “path to success”, with negotiations still open over stablecoin rewards, ethics restrictions, decentralized finance and protections for non-custodial software developers. “I’m hoping that we can come up with some agreement by the end of this week,” Sen. Thom Tillis said ahead…