The U.S. Senate failed to invoke cloture on H.R. 3633, the Digital Asset Market Clarity Act, on September 15, 2026, after Senate Democrats refused to support the measure amid concerns that its ethics provisions did not adequately restrict President Trump's family's cryptocurrency business interests. The 49-50 procedural vote included opposition from all Democrats and four Republicans, leaving the House-passed bill stalled despite bipartisan negotiations over a framework for the wider digital-asset market. Republicans released updated text containing a White House-approved ethics provision days before the vote, but Democrats said it was insufficient. Analysts Chris Niebuhr of Beacon Policy Advisors and Ian Katz of Capital Alpha said the approach of the midterm elections increased the political costs for Democrats of backing the legislation. The measure would give the Commodity Futures Trading Commission primary authority over digital-commodity transactions and intermediaries while preserving Securities and Exchange Commission jurisdiction over specified securities-market activities. It would also apply Bank Secrecy Act anti-money-laundering requirements to digital-commodity intermediaries. The dispute followed the GENIUS Act stablecoin law, which cleared Congress with substantial Democratic backing last year, and was compounded by industry and banking-sector disagreement over stablecoin yield provisions. President Trump's crypto ventures, including World Liberty Financial and the $TRUMP and Melania Trump meme coins, have drawn Democratic criticism and became a central obstacle to an agreement.