Senate Crypto Market-Structure Bill Stalls

The CLARITY Act failed a Senate procedural vote 49-50 on September 15, below the 60-vote threshold, after Democrats and several Republicans opposed the package. Ethics rules, consumer safeguards, illicit-finance enforcement, stablecoin provisions, banking concerns, and potential effects on Trump's crypto interests drove the dispute; reconsideration and further negotiations remain possible, while a separate House crypto-tax package is still being developed.