🔴 US Senate Rejects CLARITY Act as Bitcoin Drops Below $76,000
The US Senate failed to advance the Digital Asset Market Clarity Act on September 15, stalling a major effort to create a federal framework for the crypto industry. The cloture vote ended 49-50, falling short of the 60 votes required to proceed to debate.
Following the news, Bitcoin (BTC) dropped to an intraday low of $74,967.97. The broader altcoin market cap also tumbled 3.6%, though it remained above $1.15 trillion.
Market volatility triggered massive liquidations, with CoinGlass reporting over $300 million in positions wiped out within 20 minutes of the vote. Total 24-hour liquidations reached $665 million.
#Bitcoin #CryptoRegulation #USSenate #MarketUpdate
The US Senate failed to advance the Digital Asset Market Clarity Act on September 15, stalling a major effort to create a federal framework for the crypto industry. The cloture vote ended 49-50, falling short of the 60 votes required to proceed to debate.
Following the news, Bitcoin (BTC) dropped to an intraday low of $74,967.97. The broader altcoin market cap also tumbled 3.6%, though it remained above $1.15 trillion.
Market volatility triggered massive liquidations, with CoinGlass reporting over $300 million in positions wiped out within 20 minutes of the vote. Total 24-hour liquidations reached $665 million.
#Bitcoin #CryptoRegulation #USSenate #MarketUpdate