The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday after a procedural vote fell short, 49-50, with 60 votes needed to pass. Seven Democratic senators, including Kirsten Gillibrand and Cory Booker, stated that this setback was « not the end » of their efforts to pass bipartisan crypto legislation. Industry voices, such as Brad Garlinghouse (Ripple), called for a post-mortem analysis of this legislative defeat. Bernardo Brites, co-founder of Trace Finance, stated that the failure was « not fatal » for the industry, but would delay institutional adoption. Brian Armstrong (Coinbase) indicated that bipartisan discussions could continue, while emphasizing that the industry « cannot wait » for Congress any longer.
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