Senate vote stalls the US crypto rulebook

The US Senate failed 49–50 to clear the 60-vote threshold needed to begin formal consideration of the Clarity Act, leaving the bill stalled rather than finally defeated. The proposal is the industry’s biggest attempt yet to replace years of regulatory ambiguity with a map for which agency oversees different kinds of crypto assets and trading platforms. Its collapse showed that agreement on the need for rules was not enough: some senators said the proposed ethics safeguards were too weak given President Trump’s and his family’s crypto interests, while other disputes remained over stablecoins and enforcement. The House had already passed the measure, so the setback delays a framework that crypto companies hoped would make operating in the US more predictable; supporters could still try to revive it through further negotiations.