Crypto Clarity Act Fails Senate Vote
The Digital Asset Market Clarity Act failed to secure the 60 votes needed to advance in the U.S. Senate, ending the current legislative push for federal crypto market structure rules. Bitcoin traded near $75,800 following the 49-50 vote, having pared back some of its initial post-vote decline.
GN markets/crypto (en-US) reports that Bitcoin pared some of its losses to trade near $75,800 after briefly dipping to $75,600, while industry group The Digital Chamber framed the legislative failure as a temporary setback rather than a final defeat. The outlet notes that Polymarket odds for the bill’s passage had already dropped to 17% before the vote, suggesting traders had largely priced in the negative outcome.
Source: DecryptThe Digital Asset Market Clarity Act failed to secure the 60 votes required to advance in the U.S. Senate, effectively ending a years-long legislative push for federal crypto market structure rules.
Source: CoinDesk
