The U.S. Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, rejecting a procedural motion to begin debate on the legislation by a narrow 49-50 vote. The measure, formally known as H.R. 3633, required 60 votes to overcome a filibuster and fell 11 votes short of the threshold needed to proceed.
Party Lines Fracture on Procedural Vote
Every senator voting in favor of the motion was a Republican. However, four Republican senators broke with their party to vote against proceeding: Susan Collins of Maine, Josh Hawley of Missouri, Jerry Moran of Kansas, and Thom Tillis of North Carolina. No Democrat or independent supported the motion. Senator Chris Coons of Delaware did not cast a vote.
The vote occurred at 2:19 p.m. ET and was recorded as Roll Call 234. Because the motion to proceed failed, the Senate never took up the bill for debate, amendment, or a final passage vote.
Bill Would Define Crypto Oversight and Restrict CBDC
The Digital Asset Market Clarity Act aimed to establish a regulatory framework dividing oversight of digital commodities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The legislation also included provisions prohibiting Federal Reserve banks from offering products directly to individuals and barring the use of a central bank digital currency (CBDC) in monetary policy operations.
Bitcoin ETFs See $160 Million Inflow as Ether Products Extend Gains
In market activity on Monday, U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net inflow of $160.04 million, reversing four consecutive sessions of outflows from the prior week. Ether ETFs continued their positive momentum with a second straight day of inflows, adding $121.02 million.
BlackRock’s IBIT dominated bitcoin fund flows, attracting $134.35 million. Fidelity’s FBTC followed with $53.33 million in inflows. Ark and 21Shares’ ARKB was the notable exception, posting a $41.95 million outflow.
According to SoSoValue data, total bitcoin ETF trading volume reached $2.69 billion for the session. Combined net assets across the funds rose back above the $100 billion milestone to $100.09 billion after dipping below that level during last week’s selling pressure.
BlackRock’s ETHA Leads Ether Inflows; XRP and Solana Funds Gain
BlackRock’s ETHA paced ether ETF inflows with $80.50 million. XRP-focused ETFs added $11.26 million, all directed to Bitwise’s XRP fund. Solana ETFs attracted $11.01 million in new capital.
Weekly Context Shows Volatility Amid Institutional Accumulation
The Monday inflows follow a turbulent week for bitcoin ETFs, which posted $462.7 million in net outflows for the week ending Sept. 12 — the first weekly reversal after three straight weeks of inflows. Thursday alone saw $282.7 million exit the funds, marking the largest single-day withdrawal since July.
Despite the weekly outflows, on-chain data from Arkham Intelligence shows BlackRock’s IBIT accumulated approximately $1.08 billion worth of bitcoin over the preceding 20 days, with inflows recorded on seven of those sessions. By comparison, Grayscale’s GBTC shed a net $254.7 million during the same period.
