Clarity Act Stumble Highlights Limitations of Crypto Lobbying
The crypto industry has suffered a major setback after the U.S. Senate rejected a procedural motion to advance the Clarity Act, exposing the political obstacles facing an industry that has spent heavily to gain influence in the capital. Lawmakers voted 50-49 on Tuesday against moving forward with the legislation, which seeks to establish clearer rules for the roughly $2 trillion sector. Four Republicans joined Democrats in opposing the measure. Crypto businesses have described the proposed framework as essential for providing greater certainty over how digital assets would be regulated in the U.S. The result came despite over $300 million in…





