Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.

Senate Cloture Vote on Clarity Act Fails

On September 15, the Senate’s cloture vote on the Digital Asset Market Clarity Act (Clarity Act) failed to advance the Clarity Act in a 49-50 vote with one…