The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The Senate fails to advance crypto bill. Key points and original sources are listed below.

• The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be rec...S1

• The Senate fails to advance crypto bill. Democrats had raised concerns that the bill would not do enough to address President Donald Trump’s crypto empire.S2

• The failed procedural vote leaves the CLARITY Act facing an uncertain future after months of negotiations over crypto oversight and ethics provisions.S3