Author: CryptoPress

The U.S. Senate on Tuesday failed to advance the Digital Asset Market Clarity Act, rejecting cloture on the motion to proceed to H.R. 3633 by a 49-50 vote and leaving the industry’s flagship market-structure bill 11 votes short of the 60 required to begin formal debate. According to the Senate Daily Press log, voting began at 2:18 p.m. and the result was announced at 3:00 p.m. Sen. Chris Coons did not vote. Republican Sens. Susan Collins, Josh...

The Senate is scheduled to hold a cloture vote Tuesday afternoon on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, a step that requires 60 votes. Republicans released a final substitute they say includes 126 changes requested by Democrats, plus ethics limits President Donald Trump agreed to accept. A bipartisan group of 18 attorneys general and eight banking trade groups urged senators to reject or tighten the...

Senate Republicans released a 635-page final draft of the Digital Asset Market Clarity Act that they said includes 126 changes requested by Democrats. President Donald Trump agreed to expanded ethics restrictions covering federal officials, judges and their spouses. Cloture on the motion to proceed is scheduled for Tuesday at 2:15 p.m. ET and requires 60 votes. The draft gives the Treasury secretary circuit-breaker authority if payment...