Crypto Clarity Act flames out in failed U.S. Senate vote
The years-long effort to set U.S. regulations for crypto markets couldn’t muster enough support to make the leap over the Senate’s final 60-vote hurdle.
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The years-long effort to set U.S. regulations for crypto markets couldn’t muster enough support to make the leap over the Senate’s final 60-vote hurdle.
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As the parties dig in their heels, the market structure bill hasn’t yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.
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The 12-month test will put a beta version of the central bank currency through online, mobile, in-store and peer-to-peer payments.
Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.