Senate crypto bill fails 49-50 as four Republicans join every Democrat
The CLARITY Act needed 60 votes to move forward. It got 49, with every Democrat and four Republicans against it.
The Senate failed to advance the CLARITY Act on Tuesday, 49-50, short of the 60 votes needed to move forward.[1] All Democrats and four Republicans voted no.[1]
Senate Majority Leader John Thune argued ahead of the vote that passing it was the next logical step after last year’s stablecoin law.[2] The tally was 49 to 50.[1]
Senator Elizabeth Warren opposed the bill on the Senate floor before that same vote.[3] She said both parties can agree on crypto legislation, but not this one.[3]
Your bag sits under a rule that is still a bill.[1]
The motion needed 60 votes and got 49.[1]
Who gains, who loses
Receipts
CBS News reported that all Democrats and four Republicans opposed the measure in the 49-50 vote.
“In a 49 to 50 vote, the measure fell short of the 60 votes needed to move forward, with all Democrats and four Republicans opposing.”
CBS News reported that Senate Majority Leader John Thune said passing the bill would be the 'next logical step' after Congress approved stablecoin legislation last year.
“Ahead of the vote on Tuesday, Senate Majority Leader John Thune argued passing it would be the "next logical step" after Congress approved legislation last year to regulate a type of digital currency known as stablecoins.”
CBS News reported that Senator Elizabeth Warren opposed the bill on the Senate floor before the vote.
“Sen. Elizabeth Warren of Massachusetts voiced opposition to the bill on the Senate floor ahead of the vote, saying she believes "we can get crypto legislation that both Republicans and Democrats can agree on — but not this bill. ”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.