The Senate on Tuesday voted 50-49 to block the Clarity Act from advancing, falling short of the 60 votes needed to clear the procedural hurdle. The bill aimed to establish a comprehensive regulatory framework for crypto, dividing oversight between the SEC and CFTC, setting registration requirements, and strengthening anti-money-laundering protections. Republican leaders had revised the bill to address Democratic concerns about public officials profiting from crypto, but these changes were insufficient to resolve opposition. The failed vote means the crypto industry will likely have to wait until next year for clearer rules, with midterm elections further complicating its reconsideration.