The U.S. Senate voted 49-50 against advancing the Clarity Act, falling 11 votes short of the 60 needed to invoke cloture. Ripple Chief Legal Officer Stuart Alderoty sought to reassure the XRP community, citing a 2023 federal court ruling that established XRP is not a security and pointing to more recent guidance from the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). Ripple CEO Brad Garlinghouse called the defeat disappointing after months of negotiations, blamed Democratic politics and said the legislation’s failure should undergo a post-mortem. He nevertheless said U.S. crypto rulemaking could continue through the SEC under Chair Atkins and the CFTC under Chair Selig.