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US Senate Fails to Advance Clarity on Crypto Regulations

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The proposed federal framework for digital asset regulation in the US has hit a roadblock as the US Senate failed to advance the CLARITY Act.

The legislation, which aimed at providing clarity on crypto regulations, was put to a key procedural vote and fell short with a 50-49 margin, effectively putting it on hold.

Anshul Majumdar explained that this setback leaves the push for comprehensive crypto regulation in uncertainty, leaving investors and industry players wondering what's next for US digital assets.

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