CLARITY Act Stalls in Senate After Cloture Vote Falls Short

TLDR: The Senate cloture vote on the CLARITY Act failed 49-50, missing the 60 votes needed to proceed. Senator Thom Tillis switched to “no,” preserving his right to file a motion to reconsider later. The bill would split crypto oversight between the SEC for securities and the CFTC for commodities. Stablecoin rewards and state enforcement [...]

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