The Senate Blocks the Clarity Act 49-50, Stalling Crypto Market Structure Legislation
CNBC·medium signal
The Senate cloture motion on the Clarity Act failed 49-50, short of the 60 votes needed to advance, with every Democrat voting against alongside Republicans Susan Collins, Josh Hawley and Jerry Moran. The defeat halts the crypto industry's main regulatory push for the session. Hawley's vote is the notable crossover given his parallel role probing AI companies, marking the same populist-Republican bloc that has been blocking tech-industry legislative priorities on both the crypto and AI fronts.