Clarity Act Cryptocurrency Bill Fails to Advance in US Senate
A bill aimed at clarifying cryptocurrency regulations in the US has hit a roadblock in the Senate. The Digital Asset Market Clarity Act of 2025 failed to pass a procedural vote, falling short of the required 60 votes to advance.
The bill, which would have streamlined oversight of digital assets by classifying them as 'digital commodities' regulated by the Commodity Futures Trading Commission and 'digital securities' regulated by the Securities and Exchange Commission, was opposed by all Democrats and four Republicans.
Senator Cynthia Lummis, a supporter of cryptocurrency legislation, said she had spent the past year working to advance the Clarity Act. She argued that Wyoming sent her to Washington to lead on this issue.
However, Senator Elizabeth Warren warned that the bill could create a 'crypto-fueled economic crash' and weaken investor protections. The Senate's window to move the legislation forward is narrowing ahead of the November midterm elections.