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Clarity Act fails in Senate as Senator Lummis says crypto bill is done

The Clarity Act crypto regulation bill failed a key Senate vote, with Sen. Cynthia Lummis saying the effort is over. Democrats cited ethics and money laundering concerns.

Coverage (1)· Sep 15, 7:01 PM

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Fox News· Sep 15, 7:01 PMClarity Act fails in Senate as Senator Lummis says crypto bill is done

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Democrats Reject Senate Crypto Bill Text Over Ethics LanguageSenate Democrats are panning the latest text of a bill meant to regulate cryptocurrency. Democrats weren’t ready to commit Monday regarding a Senate procedural vote, citing concerns over the ethics language as their main deterrent.

Bloomberg Tax News21d agoWhole story →

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'It's Now or Never' for Clarity Act, Says 'Bitcoin Senator' LummisThe Wyoming Republican says the final text hands Democrats more than 120 of their own demands, including sweeping new ethics rules, as the Senate holds a make-or-break cloture vote Tuesday afternoon.

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Clarity Act faces crucial Senate vote Tuesday in big moment for cryptoA Senate vote on Tuesday is a put-up-or-shut-up moment for the Clarity Act crypto bill, scheduled by Majority Leader John Thune, R-S.D.

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Sen. Tim Scott says Clarity Act vote will define US crypto futureSen. Tim Scott warns that Senate Democrats opposing the Clarity Act crypto legislation risk America's ability to lead the next evolution of financial markets.

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Trump’s Apparent Crypto Conflicts Could Sink the CLARITY ActA Republican senator is now openly saying ethics language could be what finally kills the bill.

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