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Crypto Market Plunges as Senate Vote Fails to Advance Clarity Act

Guavy AI Editorial Team
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BTC
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The U.S. Senate's procedural vote on the Clarity Act failed to advance, falling short of the required 60 votes with 49 in favor and 50 against.

The outcome sparked a sharp market reaction, sending Bitcoin below $75,000 for the first time since its recent rise.

Crypto stocks also plummeted, with Circle (CRCL) and Coinbase (COIN) dropping over 10%, Bitmine (BMNR) falling over 8%, Strategy (MSTR) losing over 5%, and Robinhood (HOOD) declining by 3%.

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