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Crypto

Coins, wallets and the slow move of money onto the internet, explained in plain language and read with a skeptical eye.

The CLARITY Act stalled in the Senate, and the fight that sank crypto's flagship bill was about ethics
Crypto

The CLARITY Act stalled in the Senate, and the fight that sank crypto's flagship bill was about ethics

The CLARITY Act, the crypto industry's top legislative priority, failed a Senate cloture vote on 15 September, reportedly 49 to 50, well short of the 60 needed to advance. It was not a vote on the bill's merits but a procedural gate, and what jammed it was a conflict-of-interest fight, not a disagreement about market rules. The industry's record lobbying spend bought a floor vote, not the votes to win it. Here is what happened and what fills the gap now.