A crypto-boosting bill that would have brought cryptocurrencies into the mainstream of US finance failed in the US Senate on Tuesday, dealing the sector and its promoter-in-chief, Donald Trump, a serious setback.
The Clarity Act, which would have created the first comprehensive regulatory framework for crypto assets, needed 60 votes to be passed. It attracted 49, with the Democrats and several Republicans voting against it.
The failure of the Senate to pass the legislation, more than a year after it sailed through the House on party lines, came…
