The Senate’s 49-50 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell.
Coindesk
There were many conductors in the derailment of the crypto industry’s Clarity Act
Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.
Crypto stocks sink after Senate rejects Clarity Act
Coinbase, Circle and Galaxy lead a broad crypto stock selloff after the U.S. Senate failed to advance a long-awaited market structure bill.
Crypto industry reacts after Clarity Act fails Senate vote
One of the most crucial U.S. regulations for crypto markets couldn’t secure enough support to clear the Senate’s final 60-vote hurdle.
Crypto Clarity Act flames out in failed U.S. Senate vote
The years-long effort to set U.S. regulations for crypto markets couldn’t muster enough support to make the leap over the Senate’s final 60-vote hurdle.
Solana lender Kamino taps Yieldstreet co-founder as CEO in Wall Street expansion
Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets.
Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround
As the parties dig in their heels, the market structure bill hasn’t yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.
European Central Bank calls for merchants to participate in digital euro pilot
The 12-month test will put a beta version of the central bank currency through online, mobile, in-store and peer-to-peer payments.
Clarity Act’s odds of passing plunge as Republicans reject Democrats’ counter-proposal
Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.
A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge
Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts preliminary losses at 9.97 BTC.