Bitcoin News
By Evie Vavasseur
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How the Negotiations Collapsed. The breakdown came down to ethics provisions. Final-hour talks fell apart in Thom Tillis's office,…
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Industry Pushback and What Regulators Are Doing Instead. Crypto lobbyists moved fast after the vote. Stand With Crypto said it would add senators' votes on…
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What the Political Fallout Looks Like. The deeper problem here is structural. The Clarity Act had real momentum at one point.
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The Senate killed the Clarity Act Tuesday. A 49-50 vote — well short of the 60 needed — stopped the bill cold, and Cynthia Lummis, its primary sponsor, said it was over before…
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Markets didn't wait around. Bitcoin dropped 4% to $75,960, its lowest print since August 21. Ethereum fell harder, down 5.4% to $2,401. Solana shed 5.1% to $98.15.
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The breakdown came down to ethics provisions. Final-hour talks fell apart in Thom Tillis's office, where staff for Tim Scott walked out and ended discussions without resolution.
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Worth noting: the vote was procedural. That technically means the bill isn't dead-dead. It could come back.
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Five percent. That's not really a chance — that's basically a rounding error.
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Crypto lobbyists moved fast after the vote. Stand With Crypto said it would add senators' votes on the Clarity Act to its public lawmaker ratings.
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And yet, the industry isn't frozen. Regulatory bodies are filling the gap without waiting for Congress.
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See also: Senate Rejects CLARITY Act 49-50, Bitcoin Plummets Below $75,000
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Coinbase isn't sitting still either. The exchange filed to bring single-stock perpetual futures onshore — a move that shows the industry is trying to innovate within whatever…
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So the regulatory picture is moving. Just not through Congress.
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The deeper problem here is structural. The Clarity Act had real momentum at one point. It cleared early hurdles, attracted bipartisan interest, and seemed like it might actually…
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With midterms looming, the political calculus shifts. If Democrats pick up Senate seats, the bill's path gets harder.
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