The US Senate failed to advance the Digital Asset Market Clarity Act after a procedural vote did not reach the 60 votes required to proceed. Coinbase co-founder Brian Armstrong called the result disappointing but said bipartisan discussions could continue and the bill might receive another opportunity. He also said the crypto industry cannot wait for Congress, arguing that the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator) already have enough authority to establish clearer rules. Armstrong expects both agencies to begin acting in earnest and said clarity is coming to crypto regardless of the bill's fate. Ripple CEO Brad Garlinghouse said the outcome was painful and that the effort had been intended to benefit the industry, consumers and US competitiveness. He called for a post-mortem and criticized Democratic politics for elevating the anti-crypto army over policy, while remaining optimistic about rulemaking under SEC Chair Atkins and CFTC Chair Selig. The Tuesday vote followed last-minute negotiations between Republicans and crypto-friendly Democrats. About a dozen Democrats were viewed as potential supporters, but withheld backing after talks on ethics provisions failed, with concerns also focused on President Trump and his family's crypto involvement. Susan Collins, Josh Hawley and Jerry Moran opposed the bill, while Thom Tillis voted against it for procedural reasons and to preserve a possible reconsideration motion. Delaware Democrat Chris Coons did not vote. Lawmakers Ruben Gallego and Catherine Cortez Masto said unresolved ethics issues and the breakdown of negotiations contributed to the failure.