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Economy, business and finance
US Senate crypto bill collapses in blow to industry
The defeat dealt a major blow to efforts to establish the first comprehensive federal framework for digital-asset market
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.
