Senate Blocks Procedural Vote on Digital Asset Clarity Act
The Senate rejected cloture on the Digital Asset Market Clarity Act (H.R. 3633) on Tuesday with a vote of 49 to 50, falling 11 votes short of the 60 needed to advance the measure. The procedural vote determined whether the Senate would take up the bill at all.
All 49 yes votes came from Republicans. Four Republicans broke with their party to vote no: Susan Collins of Maine, Josh Hawley of Missouri, Jerry Moran of Kansas, and Thom Tillis of North Carolina. No Democrats or independents supported the motion. Delaware's Chris Coons did not cast a vote.
The bill would have specified how oversight of digital commodities would be divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would also have prohibited Federal Reserve banks from offering products directly to individuals and prevented the use of a central bank digital currency in monetary policy.
Bitcoin and Ether ETFs See Positive Inflows
Bitcoin spot ETFs recorded inflows of $160.04 million on Monday, reversing four consecutive days of redemptions the previous week. BlackRock's IBIT led with $134.35 million, followed by Fidelity's FBTC with $53.33 million. Ark & 21Shares' ARKB saw outflows of $41.95 million.
Bitcoin ETF trading volume reached $2.69 billion for the day, with net assets climbing back above $100 billion to $100.09 billion after dipping below that level the prior week.
Ether ETFs added $121.02 million in their second consecutive positive session, with BlackRock's ETHA accounting for $80.50 million. XRP ETFs gained $11.26 million entirely through Bitwise's XRP fund, while Solana ETFs saw $11.01 million in inflows.
Over the previous week, US spot Bitcoin ETFs experienced outflows of $462.7 million, marking the first weekly reversal after three consecutive weeks of inflows. Thursday alone saw $282.7 million in withdrawals, the largest single-day outflow since July. BlackRock's IBIT purchased approximately $1.08 billion worth of Bitcoin over the preceding 20 days with inflows on seven of those days, while GBTC saw net outflows of $254.7 million during the same period.
