US Senate Blocks Crypto Legislation

The U.S. Senate failed in the most recent voting session to pass the "Cleariti Act" bill, which aims to regulate cryptocurrencies. This represents a significant setback for the digital assets industry and for the Republican opposition that supported the bill. Proponents of the law believe it would establish a clear and stable regulatory framework for the sector, after cryptocurrency companies spent hundreds of millions of dollars on lobbying campaigns to support its passage. This comes as Congress prepares to adjourn ahead of the midterm elections scheduled for November, with Republicans seeking to maintain their majority in both the House and the Senate.

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