SEC Chair Atkins backed the CLARITY Act but confirmed the agency's crypto rulemaking agenda proceeds regardless of Tuesday's Senate vote.

CLARITY Act fails a key Senate vote 49-50, triggering $300M in crypto long liquidations as Cynthia Lummis blames Democrats.

"Don't forget - Ripple and XRP stand on settled ground. The 2023 federal Court ruling established XRP is not a security. And in March the SEC and CFTC issued a joint interpretation naming XRP a digital commodity," Alderoty wrote on X.

Senate fails to advance the Clarity Act; Coinbase-backed Stand With Crypto warns senators of midterm consequences over the failed vote.

Sen. Elizabeth Warren will call the latest Clarity Act ethics proposal blessed by Trump a "weak fig leaf."

Bitcoin prices fell on Tuesday, September 15, suffering a notable decline before the Clarity Act failed a key vote on Capitol Hill.

Senate Democrats have submitted a counterproposal to the CLARITY Act just hours before a key procedural vote, while attorneys general and banking groups push for further changes.

The Senate will vote on the Clarity Act, a key bill for crypto regulation, on Tuesday afternoon.