Add as a preferred source on GoogleSenate Vote Stalls Digital Asset Market Clarity Act in 49-50 Loss
The procedural defeat halted the bill’s immediate path, while the SEC continued crypto policy action under existing law.
The U.S. Senate stalled the Digital Asset Market Clarity Act with a 49-50 procedural vote, delaying proposed market-structure rules for digital assets while regulators continue acting under existing law.
At 2:19 p.m. ET (18:19 UTC) on Sept. 15, senators voted 49-50 against advancing H.R. 3633 under the cloture procedure. The motion needed three-fifths support to advance.
The bill would have established a framework dividing oversight of digital commodities and related market participants between the Securities and Exchange Commission and Commodity Futures Trading Commission.
Two days after the vote, SEC Chairman Paul S. Atkins announced temporary, conditional relief for certain venues trading tokenized securities. Atkins said the agency would continue working within its existing statutory authority after Congress failed to advance the legislation.
The vote was procedural, not a final decision on H.R. 3633. Its defeat does not create an exemption from existing securities or commodities laws, and the legislation could still return in a future congressional effort.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.