Crypto
Bitcoin Slumps Below $75,000 as Clarity Act Stalls in Senate
The Bitcoin price dipped below $75,000 for a brief moment on September 15 after the U.S. Senate failed to advance the CLARITY Act.
The act stalled with 49 votes against it and one vote in favor of reconsideration, as Democrats opposed it due to concerns about President Trump's crypto interests.
Bitcoin recovered above $75,000 but remained down 4% over the latest 24-hour period, triggering more than $670 million in liquidations across leveraged crypto markets.
The decline extended a broader crypto selloff as traders reacted to the failed procedural vote and prepared for the Federal Reserve's September 16 policy decision.