Crypto Bill Fails in Senate Despite Industry Lobbying Efforts

A major cryptocurrency bill called the Digital Asset Market Clarity Act failed to pass in the Senate on Tuesday, falling short of the 60-vote threshold in a 49-50 vote.

The bill, which was supported by President Donald Trump and most congressional Republicans, aimed to establish a comprehensive regulatory framework for the crypto sector, splitting oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

However, Democrats demanded an ethics provision be included to crack down on Trump's ability to profit off of his family's crypto businesses. Republicans said they made 126 changes Democrats asked for, including the ethics provision.

The crypto industry poured nearly $200 million throughout the 2026 election cycle supporting candidates who backed the Clarity Act, with Coinbase and Ripple Labs contributing significantly. Despite this lobbying effort, the bill ultimately failed to pass due to disagreements between Democrats and Republicans over the ethics provision.