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Solana Price Plummets Amid Regulatory Uncertainty Ahead of Clarity Act Vote

Guavy AI Editorial Team
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SOL
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The Solana cryptocurrency (SOL) has been trading at $96.97 after slipping 3.37% on the day, reflecting a notable decline.

Regulatory uncertainty caused by the Clarity Act, set to be voted on in the U.S. Senate on September 15 at 2:15 p.m. ET, has prompted market participants to reassess legal risks and the compliance environment for Solana.

The asset is currently trading below its key short- and medium-term moving averages, while still maintaining some support from longer-term trends.

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