Crypto
US Senate Fails to Pass CLARITY Act, Sending Crypto Market into Turmoil
The US Senate's failure to pass the CLARITY Act has sent shockwaves through the cryptocurrency ecosystem, causing Bitcoin's price to plummet by thousands of dollars.
Despite months of intense lobbying efforts that reportedly cost hundreds of millions of dollars, the bill fell short of the 60 votes needed for passage.
The collapse of the CLARITY Act has left crypto startups scrambling to adapt to an increasingly uncertain regulatory landscape.