The US Senate failed to advance the Digital Asset Market Clarity Act after a procedural vote fell short of the 60 votes required to proceed. The setback followed last-minute negotiations between Republicans and crypto-friendly Democrats over ethics provisions, including concerns about President Trump and his family’s crypto involvement. Senator Cynthia Lummis, a principal drafter, accused Democrats of repeatedly changing their demands and opposing restrictions on politicians’ personal crypto investments and protections against scams and fraud. Coinbase co-founder Brian Armstrong said bipartisan talks could continue but argued the SEC and CFTC already have authority to establish clearer rules. Ripple CEO Brad Garlinghouse called for a post-mortem while expressing optimism about agency rulemaking. The failed vote leaves the legislative outlook uncertain for US digital-asset policy and competitiveness.