The US Senate votes to reject the CLARITY Act bill

The US Senate rejected the CLARITY Act bill with a vote of 49-50. Senator Thom Tillis proposed a motion for reconsideration, and seven Democrats who voted against it stated that they are still committed to legislation on cryptocurrency market structure. However, due to differences in ethical provisions and the Senate's recess on October 2, the time window for reaching an agreement on the bill before 2026 is narrowing. (Source: Cointelegraph)