126. That's how many Democratic-requested changes were folded into the final CLARITY Act text. Memecoin coverage, affiliate-trading guardrails, tribal-gaming rules, a Treasury circuit breaker for stablecoin yield.
Then they voted no anyway. 50 to 49, well short of the 60 needed to open debate.
The sticking point was never market structure. It was ethics language around elected officials' crypto holdings, and Warren's line about the bill turbocharging Trump's crypto interests (over $1.4B disclosed in 2025) killed it.
Here's what that means for the market: Congress is out of the rule-writing business for crypto, at least this cycle. The actual framework is now whatever the SEC and CFTC draft on their own. Atkins already rolled out an innovation exemption letting venues trade tokenized US stocks on-chain.
Decentralized tech governed by agency staff, not statute. That's the hand we're dealt. $BTC $ETH
Then they voted no anyway. 50 to 49, well short of the 60 needed to open debate.
The sticking point was never market structure. It was ethics language around elected officials' crypto holdings, and Warren's line about the bill turbocharging Trump's crypto interests (over $1.4B disclosed in 2025) killed it.
Here's what that means for the market: Congress is out of the rule-writing business for crypto, at least this cycle. The actual framework is now whatever the SEC and CFTC draft on their own. Atkins already rolled out an innovation exemption letting venues trade tokenized US stocks on-chain.
Decentralized tech governed by agency staff, not statute. That's the hand we're dealt. $BTC $ETH
