Trump-backed crypto bill fails to launch as Dems, Republicans unite to block it

Cryptocurrency Bill Loses Senate Support, Leaving Key Issues on Hold

Washington, D.C. – On Tuesday, a bipartisan effort to bring cryptocurrency into the federal regulatory fold collapsed when the Senate failed to move the Clarity Act past a crucial procedural vote. The bill, backed by President Donald Trump, the White House, and a host of industry leaders, had been in the works for more than a year and included measures designed to curb the Trump family's burgeoning crypto empire and to shore up safeguards against foreign money