A colossal crypto regulatory package backed by President Donald Trump stumbled in the Senate, and another shot is unlikely.
The Clarity Act failed to move through a key procedural hurdle on Tuesday, serving proponents of the bill, including major players in the cryptocurrency industry and the White House, a major blow in their pursuit of folding the novel currency into the nation’s web of financial regulations.
Democrats dealt the bill a mortal blow, but a handful of Republicans with outstanding concerns, including Sens.
Susan Collins, R-Maine, Josh Hawley, R-Mo., and Jerry Moran, R-Kan., were not assuaged, either.
And with little time left on the Senate’s calendar and major bills piling up ahead of the midterm elections, the bill’s biggest backers believed that the Clarity Act might end u…
المصدر: foxnews politics
