US Senate crypto bill collapses in blow to industry

The defeat dealt a major blow to efforts to establish first comprehensive federal framework for digital-asset markets.Published On 15 Sep 202615 Sep 2026The United States Senate has failed to advance comprehensive cryptocurrency legislation backed by President Donald Trump in a major blow for digital-asset companies and Republicans who had championed the bill for months.The Digital Asset Market Clarity Act failed on Tuesday to secure the 60 votes needed to advance to a debate in the Senate, with safeguards governing Trump’s extensive crypto interests among the biggest obstacles to a deal.Recommended Stories list of 4 itemslist 1 of 4Who is Robert Kraft, pro-Israel billionaire who cancelled Macklemore?list 2 of 4Can China play peacemaker as Iran’s foreign minister heads to Beijing?list 3 of 4US speaker rejects AI pause, warns of losing edge to Chinalist 4 of 4Kennedy Center closes amid financial crisis and Trump name disputeend of listFour Republican senators – Jerry Moran, Rand Paul, Josh Hawley and Thom Tillis – joined all the Democrats in voting against it. The vote was 50-49 in favour.The vote effectively put the bill on ice, as Congress is set to depart Washington this month ah...