The U.S. crypto bill stalled in the Senate: 49 votes were cast in the critical vote for CLARITY.
The U.S. Senate rejected the proposal that would open the way for a review of the CLARITY bill, which aims to introduce comprehensive federal rules for the crypto market. While the proposal, which received 49 votes, fell short of the required 60 votes, the door was left open for the bill to be voted on again.
The U.S. Senate rejected the procedural resolution that would open the way for a hearing of the CLARITY bill, which aims to bring comprehensive federal rules to the cryptocurrency market. In the vote, 49 senators supported it, but the 60 votes required for the bill to advance were not reached. However, the latest move indicated that the process is not entirely closed.
60 Votes Not Secured in Critical Vote
The vote held on Tuesday in the Senate was conducted not to pass the CLARITY bill directly, but to initiate General Assembly discussions.
The resolution fell short at 49 votes, failing to cross the required 60‑vote threshold. Had the bill been opened for debate, issues such as how to classify crypto assets and the division of authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) would have been addressed.
Ethics and Stablecoin Objection from Democrats
Democratic senators argued that the ethical rules governing the cryptocurrency activities of public officials and their families were not strong enough.
In addition, prediction markets, the powers of the enforcement agencies, and stablecoin rewards were also subject to calls for stricter regulation. The proposal garnered support not only from all Democratic senators but also from four Republican senators.
Possibility of a Re-vote in the Senate
Republican Senator Thom Tillis, after voting in favor of the proposal during the vote, changed his stance due to procedural requirements, and then put forward a proposal that could pave the way for a re-evaluation of the result.
This development suggests that, should the necessary bipartisan compromise be reached, a re-vote on CLARITY could be brought back onto the agenda.
The proposal has not been fully rejected yet.
Some representatives from the crypto sector view the vote outcome as a significant setback, while proponents of the proposal note that progress has been made on many issues across party lines and that negotiations are continuing.
To allow CLARITY to be re‑voted, the disputes over ethical rules and stablecoin rewards must be resolved.
The process of becoming law is long.
Even if the CLARITY bill later secures 60 votes, it will not become law directly. First, Senate discussions and the final vote must be completed.
If the text adopted by the Senate differs from the one previously approved by the House of Representatives, the House will also need to approve the changes. Even if the final voting process is delayed, that does not mean the bill has been dropped entirely from the legislative agenda.
Comments
You must sign in to comment.
Sign InYou Might Also Like
Horror in New York! Off‑duty police officer stabbed repeatedly.
An off‑duty NYPD officer was stabbed multiple times on Rochambeau Street in New York. While the heavily injured officer was being taken to the hospital, an investigation into the incident was launched.
A New Era in Food Aid in the U.S.
A new phase has begun in the U.S. food assistance program SNAP. In California, where the program is implemented as CalFresh, payments are rising, but it is noted that thousands of people could lose their aid due to tightening work requirements.
The American Turkish Women's Association's Day of Mourning: Gönül Dinlenç Dies
Heartbreaking news that has shattered the American Turkish Women's Association… ATKB Board of Auditors member Gönül Dinlenç has passed away. ATKB said farewell to Dinlenç with the words: "With her sincerity and courtesy, she will always live in our hearts."
.avif){kind=small}