Senate Kills Clarity Act 50-49 Over Trump Ethics

The U.S. Senate voted 50-49 to reject the Clarity Act, Trump's landmark cryptocurrency regulation bill, dealing a major blow to the digital asset industry. Democrats cited inadequate ethics provisions and Trump's vast crypto wealth, including hundreds of millions earned through World Liberty Financial and his $TRUMP memecoin, as key reasons for opposition. Despite the defeat, the bill is not dead. Republican Sen. Thom Tillis, who voted against it, filed a motion to reconsider, allowing lawmakers to revise and resubmit the legislation. Industry leaders expressed deep frustration, while supporters insist bipartisan negotiations will continue toward a future vote.