The Senate rejected a motion to advance the Crypto Clarity Act, with Hawley, Collins and Tillis voting no. Coverage centers on their stated reasons and the bill’s regulatory stakes.
Lead article · Newsweek · CENTERCrypto Clarity Act Fails in Senate: List of Republicans Voting With DemocratsCollins and Hawley were named together by 2 of 4 outlets. Counted by outlet.
Voted no on the procedural motion, saying it kept open the possibility of bringing the bill back for another vote.
Opposed advancing the bill, citing provisions needing further study and possible risks to community-bank and credit-union deposits.
Voted against advancing the Senate’s crypto market-structure bill and raised farmers’ concerns that it could make loans harder to obtain.
FACTS FROM THE SENATE RECORD AND CONGRESS.GOV, NOT FROM COVERAGE
A yes on cloture only ends debate. It is not a vote to pass the bill. LEARN →
This bill sets clear rules for cryptocurrencies, deciding which government agency supervises different digital assets and making it easier for crypto businesses to register. It also stops the Federal Reserve, America's central bank, from creating its own digital currency or offering direct banking services to people, aiming to protect financial privacy.
When each side picked it up. center: 3 articles, first tue 3:34 pm. right-leaning: 1 article, first fri 11:30 am, 68 hours after the first report.
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