The U.S. Senate did not get enough votes to move the Digital Asset Market Clarity (CLARITY) Act forward. This bill would have created the first national rules for cryptocurrencies and other digital assets in the United States. Because there are only a few working days left before a new Congress begins in 2027, the bill is not expected to pass this year. The failure leaves important questions unanswered, such as which government agency should oversee the crypto industry. The bill had already faced delays because of disagreements about rules that would stop government officials and their families from making money from digital assets while in office. Although President Donald Trump supported most of the proposed ethics rules, 18 state attorneys general opposed the bill, saying it could reduce the power of states to fight crypto fraud and misconduct. As a result, lawmakers are still divided, and the future of federal crypto regulation remains uncertain.