49 to 50, down by 11 votes.
On the procedural vote for the CLARITY Act, no Democrats supported it, 4 Republicans voted against it—falling short by 1 vote even for a simple majority. It didn’t fall on the SEC and CFTC framework; it was brought down by a moral clause about officials holding coins.
The market immediately digested the bill premium: XRP -10%, Coinbase -10%, ETH -8%, BTC -4%. Spot BTC ETF saw a single-day outflow of $450 million, the largest since June. Whoever has the higher “bill component” drops the most. The only sector moving against the trend is privacy: ZEC +11.5%.
This is the end of the Senate’s market-structure legislation for 2026. Crypto now has just one variable left: interest rates.
Research view only; not investment advice.$ZEC
On the procedural vote for the CLARITY Act, no Democrats supported it, 4 Republicans voted against it—falling short by 1 vote even for a simple majority. It didn’t fall on the SEC and CFTC framework; it was brought down by a moral clause about officials holding coins.
The market immediately digested the bill premium: XRP -10%, Coinbase -10%, ETH -8%, BTC -4%. Spot BTC ETF saw a single-day outflow of $450 million, the largest since June. Whoever has the higher “bill component” drops the most. The only sector moving against the trend is privacy: ZEC +11.5%.
This is the end of the Senate’s market-structure legislation for 2026. Crypto now has just one variable left: interest rates.
Research view only; not investment advice.$ZEC
