The Senate on Tuesday fell short of the 60 votes needed to advance the digital-asset market-structure bill, 49 to 50. All Democrats and four Republicans voted no. POLITICO says Sen. Cynthia Lummis called the bill dead before the midterms after Democrats cited Trump digital-asset conflicts and some Republicans cited banks.
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The vote missed 60 and missed a simple majority
The Senate on Tuesday fell short of the 60 votes needed to advance the digital-asset market-structure bill, 49 to 50. All Democrats and four Republicans voted no. Majority Leader John Thune called the bill the next step after last year's stablecoin law. Senator Elizabeth Warren of Massachusetts opposed the bill on the Senate floor on Tuesday and said crypto legislation could still be agreed on a different text. The vote missed both the 60-vote threshold and a simple majority.[1]
Lummis called the bill dead that evening
POLITICO reports the Senate on Tuesday voted 49-50 to reject the Clarity Act after Democrats and a handful of Republicans opposed it. Democrats said the bill did not go far enough on President Donald Trump's potential conflicts of interest in digital assets; some Republicans cited banking-industry concerns. Every Democrat voted against it, starving a first procedural hurdle of bipartisan support. Sen. Cynthia Lummis, who led the push, told POLITICO in an interview Tuesday evening the bill is dead, and blamed Democrats.[2]
49 to 50 is the count both desks print
Both texts print Tuesday's vote as 49 to 50 with every Democrat voting no. CNBC counts four Republican noes and Warren's floor opposition; POLITICO adds Lummis calling the bill dead and the Trump-conflict and bank concerns. The missed 60-vote procedural threshold is the shared loss.[1], [2]
