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The Senate failed to advance the Clarity Act today, leaving the U.S. without clear rules for digital assets after years of bipartisan negotiations. The bill would have strengthened consumer protections, cracked down on bad actors, and given businesses clearer rules.

There was movement toward a deal. Senate Republicans updated the bill this week with stronger ethics provisions, while Democrats had spent more than a year pushing for stronger consumer protections. We urged the Senate to keep the process moving. Instead, cloture failed.