Clarity Act Rejected: Bitcoin Market Sentiment Plummets Amidst $1.8 Billion Sell-Off
The Clarity Act, aimed at clarifying regulatory guidelines, was rejected on September 15 by a margin of 60 votes. This led to a massive sell-off of over 23,000 BTC among short-term holders, resulting in $1.8 billion in losses. According to Woofun AI's on-chain data, this is the largest wave of selling in nearly a month.
The failure of the Clarity Act directly triggered a sharp downturn in market sentiment, causing short-term holders to sell their Bitcoin holdings. Data from CryptoQuant confirms this volatility, showing a significant increase in selling activity. Meanwhile, Santiment Intelligence notes that some investors had been accumulating small-profit positions weeks in advance, accurately anticipating the market's trajectory.
Looking ahead, on September 16, 2026, traders reassessed the likelihood of authorization for the Clarity Act. Although the bill has not yet been finalized, there is a possibility of another vote during the Federal Open Market Committee (FOMC) meeting.