• The vote was 50-49 in favor, falling short of 10 votes to reach the 60-vote threshold that was required to advance the legislation.

• Four Republican senators, Jerry Moran, Susan Collins, Josh Hawley and Thom ​Tillis, joined the Democrats in voting against the bill.

• Patrick Witt, the Executive Director of the President’s Council of Advisors for Digital Assets at the White House, said the vote was “a major disappointment” and “a failure of American leadership.”

Bitcoin (BTC) prices and cryptocurrency-related stocks declined sharply on Tuesday after The CLARITY Act, a key bill for regulation of digital assets, failed to advance in the Senate on Tuesday.

BTC prices fell more than 3% to…