U.S. Senate Blocks Crypto Clarity Act, Failing to Hit 60-Vote Threshold

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A key piece of U.S. cryptocurrency legislation has failed to advance in the Senate after falling short of the required 60-vote threshold. The bill, known as the Clarity Act, was considered one of the most significant regulatory proposals for American crypto markets. Its defeat marks a setback for the crypto industry, which had been pushing for clearer federal rules governing digital assets. The failure to pass cloture means the legislation cannot proceed to a final vote in its current form.

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