Clarify Act Fails to Advance in US Senate Vote

The US Senate failed to advance the Clarify Act, a digital asset market regulation bill, on Thursday (local time) after a procedural vote ended in a 49-50 split. The measure did not secure the required 60 votes for further progress, casting uncertainty over U.S. virtual asset legislative plans. CBS News reported that the Clarify Act aims to establish a federal regulatory framework for digital assets. AP cited Democratic opposition arguing that safeguards against conflicts of interest involving President Trump and his family's cryptocurrency ventures were insufficient. Axios noted Bitcoin fell 1.3% to below $76,000 shortly after the vote. The outlet also clarified that while the bill stalled in procedural voting, it has not been formally withdrawn.