Crypto industry seeks US regulators after Senate blocks CLARITY Act
Crypto leaders are looking to US financial regulators after the Senate voted 49-50 against advancing a motion to invoke cloture and proceed with the CLARITY Act, which would establish a regulatory framework for digital assets.
Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after the Senate on Tuesday failed to advance a major crypto bill establishing a regulatory framework for digital assets. The Senate voted 49-50 on a motion to invoke cloture and move forward with the CLARITY Act.