The Senate on Tuesday voted to block the Clarity Act from advancing, dealing a major blow to the crypto

TL;DR

Washington — The Senate on Tuesday failed to advance a sweeping cryptocurrency bill known as the Clarity Act, amid opposition from Democrats and a handful of Republicans. In a 49 to 50 vote, the measure fell short of the 60 votes needed to move forward, with all Democrats and four Republicans opposing. The bill would establish a regulatory framework for digital assets.