The Senate's Clarity Act vote failed, but sponsors say it's not over.
Sen. John Kennedy (R-LA) wasn't surprised by the outcome but believes Democrats recognize the need for coherent crypto market structure. He expects action during the lame duck session.
Sen. Ted Cruz (R-TX) quoted The Princess Bride: "There's a big difference between dead and mostly dead." He blamed Democrats for "playing politics" and driving crypto activity overseas.
The bill aimed to establish regulatory framework for digital assets but couldn't secure enough votes to advance.
Sen. John Kennedy (R-LA) wasn't surprised by the outcome but believes Democrats recognize the need for coherent crypto market structure. He expects action during the lame duck session.
Sen. Ted Cruz (R-TX) quoted The Princess Bride: "There's a big difference between dead and mostly dead." He blamed Democrats for "playing politics" and driving crypto activity overseas.
The bill aimed to establish regulatory framework for digital assets but couldn't secure enough votes to advance.