WashingtonThe Digital Asset Market Clarity Act died in the US Senate.
The $3 trillion crypto market stays split between two federal regulators with undefined authority.
An ethics provision meant to limit Trump’s crypto holdings split lawmakers, and the bill failed on a Senate floor vote amid bipartisan opposition.
No federal market-structure law exists as the crypto industry heads into a contested midterm election season.
How each outlet framed it
- CoinDesk
- traces collapse to Senate ignoring House version, Trump complications, fragmented lobbying, and Democrat ethics objections
Sources: CoinDesk