Consequences of failed procedural vote have yet to unravel. Where does the industry go from here given that a bipartisan policy framework may require a renewed strategy?

Veteran investor Cathie Wood dumped $65 million worth of crypto stocks and funds on Sep. 14, a day ahead of the crucial cloture vote on the Digital Asset Market Clarity Act.

Democrats said the legislation didn’t do enough to crack down on President Donald Trump’s potential conflicts of interest.

The crypto industry has spent years and hundreds of billions of dollars lobbying for regulation that would more closely weave digital assets into traditional finance. When President Donald Trump made a heel-turn on crypto in 2024,

Bitcoin, crypto stocks and digital assets slipped as Wall Street braced for two major Washington decisions.

Legislation aimed for regulatory framework for digital assets, but Congress remained divided over curbs on Trump’s crypto investments.

Elizabeth Warren's letter comes as the Senate failed to advance a key piece of crypto legislation that the industry has been pushing for.