Senate lacks votes to advance Digital Asset Market Clarity Act before Tuesday vote

  • Senate Republicans and Democrats remain divided over the Digital Asset Market Clarity Act.
  • The planned opening vote is scheduled for 2:15 p.m. Tuesday.
  • Beacon Policy Advisors said significant changes were needed for the bill to advance.

The U.S. Senate has not secured enough support to advance the Digital Asset Market Clarity Act ahead of a planned 2:15 p.m. Tuesday opening vote. Republicans presented a weekend version as their final offer, but Democrats’ Monday counteroffer failed to bridge the dispute. Senator Cynthia Lummis, a leading Republican negotiator, said Democrats had not changed their position, while Senator Elizabeth Warren, the Senate Banking Committee's top Democrat, criticized the Republican proposal as negotiated with the White House rather than Democrats. Beacon Policy Advisors said the bill was unlikely to advance without significant changes, although last-minute negotiations remained possible. Coinbase CEO Brian Armstrong has argued that failure of the bill would not stop regulatory progress. Separately, tokenized equities are leading real-world asset inflows as the market recovers, with Binance's bStocks reaching about $118.5 million in two months, becoming the No. 2 issuer and accounting for about 90% of on-chain equity decentralized-exchange volume.

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Senate lacks votes to advance Digital Asset Market Clarity Act before Tuesday vote - CoinPost Terminal