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Crypto Regulation

Gemini Co-Founder: No Democrat Voted for Clarity Act

Gemini co-founder Tyler Winklevoss said no Democratic senator voted in favor of the Clarity Act in a key US Senate vote, writing on X that “there is a lesson in that.” The final tally was 49 in favor to 50 against, with one senator not voting — well short of the 60-vote threshold needed to advance the bill, with a few Republicans also opposing.

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AI take

The party-line character of the vote matters more than the margin: a market-structure bill losing nearly all Democratic support alongside a handful of Republican defections suggests crypto legislation is still being priced as a partisan issue rather than a technical one. That raises the bar for any future attempt, since the 60-vote threshold requires cross-aisle buy-in that this tally did not show. Whether the defections reflect the bill's substance or the broader political climate is the open question, and it will shape how the next version is drafted.

Generated by AI for reference only.

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