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US Senate crypto bill collapses in blow to industry
The defeat dealt a major blow to efforts to establish first comprehensive federal framework for digital-asset markets.
AI Summary
The United States Senate rejected a comprehensive cryptocurrency bill that had been championed by President Donald Trump and supported by Republicans for months. The defeat halted the effort to create the first federal framework for digital‑asset markets. The loss is seen as a major setback for digital‑asset companies and for the Republican push to regulate the sector. No further legislative action was announced following the vote.
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