The 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. Four 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.
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