Republican senators say the CLARITY Act is likely to fail when the Senate returns next week, according to Semafor. Crypto’s lobbying arm calls that pessimism a bargaining tactic rather than a count of votes.

The Digital Asset Market Clarity Act would decide which US regulator polices crypto trading. It has never reached a full Senate vote. The blockage is ethics language covering President Donald Trump and his family.

Named Republicans Put a Date on the Collapse

Sen. Mike Rounds of South Dakota told Semafor the outlook was poor. Two Democratic aides said negotiations over the ethics provision have barely moved…