US Crypto Regulation Halted Amid Senate Deadlock

Crypto regulation in the US is facing a setback as the Senate fails to advance the review and approval of the Digital Asset Market Transparency Act.

The law was seen as one of the main chances for the crypto industry to get a solid legal foundation, with companies spending hundreds of millions of dollars on a campaign supporting it.

Without an agreement soon, lawmakers may not have time to approve the rules before the new Congress convenes, making the prospects for the initiative less clear.