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The Senate fails to advance the Clarity Act, dealing a major blow

The Senate fails to advance the Clarity Act, dealing a major blow to the crypto industry's push for a comprehensive market structure framework

The Senate fails to advance the Clarity Act, dealing a major blow

TL;DRSenate blocked a crypto regulation bill the industry wanted passed.

Why it matters: Crypto remains in regulatory limbo, leaving exchanges and projects vulnerable to enforcement actions.

The Senate on Tuesday voted to block the Clarity Act from advancing, dealing a major blow to the crypto industry's push for a comprehensive market structure framework.

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Source: CNBC · Opens in new tab