Bitcoin is trading near $76,700–$77,000 after the CLARITY Act failed its Senate cloture vote yesterday, with only 50 of the needed 60 votes secured as over 40 senators, including several Republicans, voted against advancing the bill. The failure ends market-structure legislative work in the Senate for 2026, and Polymarket's odds on the bill becoming law this year have collapsed to just 18%.
Michael Saylor's Strategy called the outcome "good for Bitcoin," arguing BTC already has sufficient regulatory clarity through existing CFTC treatment, while Strive CEO Matt Cole called the failure "bad for the United States and bad for crypto" but still bullish for BTC specifically. Markets now pivot immediately to today's Federal Reserve rate decision, with CME FedWatch pricing a 93% probability of a 25-basis-point hike — the first increase in three years — that would push the federal funds range from 3.50–3.75% to 3.75–4.00%.
#Bitcoin #BTC #CLARITYAct #FedRateHike #CryptoNews
Michael Saylor's Strategy called the outcome "good for Bitcoin," arguing BTC already has sufficient regulatory clarity through existing CFTC treatment, while Strive CEO Matt Cole called the failure "bad for the United States and bad for crypto" but still bullish for BTC specifically. Markets now pivot immediately to today's Federal Reserve rate decision, with CME FedWatch pricing a 93% probability of a 25-basis-point hike — the first increase in three years — that would push the federal funds range from 3.50–3.75% to 3.75–4.00%.
#Bitcoin #BTC #CLARITYAct #FedRateHike #CryptoNews
