The failed vote on the Clarity Act may not be the end of the bill, according to comments cited by a Fox Business crypto reporter on X. U.S. Senator John Kennedy said he was "not surprised" by the vote’s failure and does not see the legislation as dead. He said Democratic colleagues understand the need for a deliberately designed market structure framework for cryptocurrencies, though any renewed work would likely have to wait until the lame-duck session.
Senator Ted Cruz struck a sharper tone. Referring to the film The Princess Bride, he said there is a major difference between a bill being "dead" and "mostly dead," and said he hopes the measure can come back to life. Cruz also blamed Democrats for the failed vote, accusing them of "playing politics" and pushing crypto industry activity and jobs overseas.
A failed vote on the Clarity Act may not have ended the bill, according to comments shared by a Fox Business crypto reporter on X.
U.S. Senator John Kennedy said he was "not surprised" that the Clarity Act vote failed, but added that he does not believe the legislation is dead.
Kennedy said his Democratic colleagues understand the need to create what he described as an intentionally designed market structure for cryptocurrencies. Still, he said that work would have to wait until the lame-duck session.
U.S. Senator Ted Cruz, meanwhile, referenced the film The Princess Bride, saying there is a big difference between a bill being "dead" and "mostly dead," and that he hopes it can regain life.
Cruz also blamed Democrats for the failed vote, saying they were "playing politics" and pushing crypto industry activity and jobs overseas.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
