The Clarity Act cloture vote has failed by a 49–50 margin; well short of the 60 votes needed. No Democrats crossed over to vote for the bill, and three Republicans voted against.
Senator Collins’ (R-ME) NO vote on Clarity was the most surprising today. She was defending the bill to constituents as recently as last week. My guess is she did not believe the bill had a chance to pass, and was more worried about defending a yes vote as her re-election prospects look slimmer.
Senators Hawley (R-MO) and Moran (R-KS), neither of whom are up for re-election, were the other NOs. They had already pledged to vote against the previous version of the bill, citing concerns from farmers over loan availability from local banks competing with stablecoins.
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