The procedural defeat halted the bill’s immediate path, while the SEC continued crypto policy action under existing law.
- The U.S. Senate narrowly defeated the Digital Asset Market Clarity Act in a 49-50 procedural vote, delaying its proposed market-structure rules.
- The bill aimed to divide oversight of digital assets between the SEC and CFTC, but failed to gain sufficient support to advance.
- The SEC will continue to act under existing laws, with Chairman Atkins announcing temporary relief for venues trading tokenized securities.
Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Established hubs, Legislative debates
Tags: #digitalassetmarketclarityact #sec #cftc #senatevote #hr3633 #tokenizedsecurities #regulatoryclarity #congressionalaction
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