#FedRateWatch BREAKING: CLARITY ACT FAILS IN THE SENATE — CRYPTO MARKET STRUCTURE BILL STALLED 🇺🇸⚠️
🏛️ The Senate held a cloture vote, needing 60 votes to limit debate and move the bill forward.
📉 Result: The motion failed 49–50. Not just short of 60, but short of even a simple majority.
🔴 Sen. Cynthia Lummis (R-WY), the bill’s top champion, didn’t soften it: “It’s over” for this Congress, she told reporters. Three to four Republicans crossed over to vote no, while Democrats withheld the seven votes needed to reach 60.
🔥 What it means: comprehensive crypto market structure rules are now off the table until at least 2027, the Senate breaks for the midterms in early October. Bitcoin slipped toward $76K as the vote played out, with Coinbase, Circle, and Bullish shares also under pressure.
Regulatory clarity just got pushed down the road. Watching how the market digests this over the next few sessions.
Not financial advice. Follow for updates as this develops.
🏛️ The Senate held a cloture vote, needing 60 votes to limit debate and move the bill forward.
📉 Result: The motion failed 49–50. Not just short of 60, but short of even a simple majority.
🔴 Sen. Cynthia Lummis (R-WY), the bill’s top champion, didn’t soften it: “It’s over” for this Congress, she told reporters. Three to four Republicans crossed over to vote no, while Democrats withheld the seven votes needed to reach 60.
🔥 What it means: comprehensive crypto market structure rules are now off the table until at least 2027, the Senate breaks for the midterms in early October. Bitcoin slipped toward $76K as the vote played out, with Coinbase, Circle, and Bullish shares also under pressure.
Regulatory clarity just got pushed down the road. Watching how the market digests this over the next few sessions.
Not financial advice. Follow for updates as this develops.