America's Cryptocurrency 'Clarity Act' Fails Spectacularly, Despite Hundreds of Millions in Industry Lobbying

"The crypto industry's top legislative priority failed on Tuesday in spectacular fashion," reports Barron's. A procedural motion to advance the bill failed by a vote of 49 to 50, with a handful of Republicans joining all Democrats to shoot it down. The motion needed 60 yes votes to pass, and with the midterm elections looming, the Senate isn't...