a16z partner Chris Dixon said he was disappointed after the CLARITY Act failed to advance in a procedural vote in the U.S. Senate, but said the crypto industry's fundamentals remain stronger than ever. According to Odaily, Dixon said billions of dollars are already moving onchain, leading payment companies and financial institutions are adopting blockchain technology, and entrepreneurs worldwide are building new financial products. He added that a16z's work in Washington is far from over and that it will continue pushing for clear rules that protect consumers and support entrepreneurs.