Clarify Act Procedure Vote Fails in US Senate...Kennedy Says 'Lame Duck Session to Be Discussed'

The US Senate failed to pass a procedural vote to begin deliberations on the Clarify Act on Thursday (local time), with a 49-50 vote against it. The vote was not on the bill itself but whether to start the Senate's consideration of the legislation. According to official Senate records, the measure received 49 votes in favor and 50 against, falling short of the required 60 votes for passage.

Senator John Kennedy (R-LA), a Republican member of the Senate, told Fox Business reporter Eleanor Terrett on X that the outcome was 'not surprising.' He noted that Democratic senators also recognize the need to establish a framework for the digital asset market and suggested further discussions may have to wait until the lame duck session.