#BITCOIN REDUCES 4% WHEN THE U.S. SENATE BLOCKS CLARITY BILL IN A TRANSPARENT WAY
The U.S. Senate blocked the CLARITY Act after the bill received 49 votes in favor and 50 against, below the 60 votes needed.
The proposed bill would split oversight authority for digital asset holdings among regulatory agencies and classify crypto as securities, commodities, or stablecoins.
After this information, $BTC fell 4% in 24 hours to about 75.997 USD. President Donald Trump previously urged Congress to pass the bill.
The U.S. Senate blocked the CLARITY Act after the bill received 49 votes in favor and 50 against, below the 60 votes needed.
The proposed bill would split oversight authority for digital asset holdings among regulatory agencies and classify crypto as securities, commodities, or stablecoins.
After this information, $BTC fell 4% in 24 hours to about 75.997 USD. President Donald Trump previously urged Congress to pass the bill.
