*BREAKING: CLARITY Act Collapses in Senate 🚨*
After 18 months of work, the Digital Asset Market Clarity Act failed to advance in the Senate.
Senate voted 49-50 on Sept 15, falling 11 votes short of the 60 needed to even start debate.
Galaxy CEO Mike Novogratz: "18 months of work between the industry and both parties fell apart on the 5-yard line."
Why it failed?
Bill was blocked over ethics fight tied to Trump's $1.4B+ crypto holdings, not the core SEC vs CFTC framework.
Result: $450M+ outflows from Bitcoin ETFs and $571M in liquidations after the news.
Market structure clarity in the US now likely delayed until 2027.
#ClarityAct
After 18 months of work, the Digital Asset Market Clarity Act failed to advance in the Senate.
Senate voted 49-50 on Sept 15, falling 11 votes short of the 60 needed to even start debate.
Galaxy CEO Mike Novogratz: "18 months of work between the industry and both parties fell apart on the 5-yard line."
Why it failed?
Bill was blocked over ethics fight tied to Trump's $1.4B+ crypto holdings, not the core SEC vs CFTC framework.
Result: $450M+ outflows from Bitcoin ETFs and $571M in liquidations after the news.
Market structure clarity in the US now likely delayed until 2027.
#ClarityAct
