CLARITY Act Vote Takes Center Stage as Bitcoin Trades Near $78K

Bitcoin is trading near $77,465 after falling 2.06% in the latest session, with price action consolidating around the key level of $78,000.

The US Senate's procedural vote on the CLARITY Act has become a major catalyst for the crypto market, as the bill aims to establish clearer rules for digital assets and define regulatory responsibilities between the SEC and CFTC.

A successful vote could improve crypto sentiment by reducing regulatory uncertainty, while a setback may trigger short-term selling pressure.