US Crypto Bill Fails to Clear Key Hurdle, and Coin-Stock Market Takes a Sharp Dive

The U.S. Senate, by a single vote, moved to effectively block a landmark compliance bill that the crypto industry had been hoping for for years.

The vote was 49 in favor and 50 against—so it didn’t even grant it the formal right to enter discussion and review, delivering an outright verdict of “cold” in the near term.
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