Senate Fails to Advance Clarity Act in 49-50 Cloture Vote

The U.S. Senate on Tuesday voted 49-50 against advancing the Digital Asset Market Clarity Act, falling short of the 60 votes needed to end debate and move the sweeping crypto market-structure bill toward a final passage vote.

The failed cloture tally, recorded on the bill’s official docket on September 15, closes the measure’s realistic path in the 119th Congress and hands the crypto industry its most consequential legislative defeat of the year.

The procedural setback arrived after a months-long lobbying campaign that had made the bill the sector’s top priority in Washington. A Market-Structure Bill Stalls at the Threshold The measure — H.R.

3633, championed by Senators Tim Scott, Cynthia Lummis and John Boozman — would have established a federal framework that divides oversight of digital assets between the Commodity Futures Trading Commission and the Securities and Exchange Commission, largely along a decentralization test.