Bitcoin News
By Evie Vavasseur
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What the Clarity Act Really Aimed to Do. The bill was no small matter. It aimed to resolve a question that has lingered in the sector for…
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Sanders, Warren, and Lummis: Senate Divided. Elizabeth Warren, a senator known for her hostility towards the crypto sector, called the Clarity…
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Bitcoin took a nosedive. On Tuesday, its price briefly dropped below $75,038, a 4% fall within hours, after the U.S.
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It wasn't just Bitcoin. Coinbase, the largest American exchange, saw its stock plunge by more than 10% in the aftermath.
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The bill was no small matter. It aimed to resolve a question that has lingered in the sector for years: is a digital asset a security, a commodity, or a stablecoin?
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Donald Trump himself had pushed for the law's adoption. His support had even contributed to a rise in Bitcoin in the preceding weeks. But on Tuesday, it wasn't enough.
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Republicans pointed fingers at the Democrats, accusing them of deliberately blocking the bill. And the Democrats didn't hold back their words either.
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Elizabeth Warren, a senator known for her hostility towards the crypto sector, called the Clarity Act a "massive risk for families." No nuance, no compromise.
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Bernie Sanders was even more direct. On X, he labeled the bill as "corrupt." According to him, the law would have allowed Trump to personally profit from the crypto industry.
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On the other side, Cynthia Lummis — a pro-crypto senator and one of the most active voices in Congress on these topics — was furious.
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Related Reading: Senate Rejects CLARITY Act 49-50, Bitcoin Falls Below $75,000
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The divide is real. It's not just a technical disagreement over asset classification. It's a broader political battle, where crypto has become a confrontation ground between two…
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Supporters of the bill believe that clear regulation is the only way to legitimize the market and attract long-term institutional capital.
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What is clear is that the industry remains in limbo. Companies in the sector must continue to operate without knowing exactly under which jurisdiction they fall.
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The adoption of digital assets has significantly progressed in recent years, particularly on the institutional side.
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