In brief
- The Senate failed to invoke cloture on the Digital Asset Market Clarity Act Tuesday, after 50 senators voted against it.
- Bitcoin slid from a session high near $77,200 to a low around $75,600 as the no votes mounted, before paring losses to trade near $75,800, down about 3.2% on the day.
- The Digital Chamber, a crypto trade group, called the result a “setback” rather than a defeat and said it would keep pushing for the bill’s passage.
The Senate failed to invoke cloture on the Digital Asset Market Clarity Act Tuesday afternoon, falling short of the 60 votes needed to advance the bill to debate. Senators voted 49 in favor and 50 against, dooming the bill that needed at least seven Democrats to cross over.
The crypto market did not…
