Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote
The Senate failed 49–50 to invoke cloture on the Digital Asset Market Clarity Act, blocking debate and effectively killing the bill’s chances this session. Republicans needed at least seven Democrats, but concerns over bank protections, Trump-related ethics safeguards, and developer liability were not resolved even after a revised 630-page draft. Sen. Lummis said it was “now or never,” while Sen. Warren warned of a “crypto-fueled economic crash.” Bitcoin fell about 4% on the day, dropping to around $76,000 as the vote failed. Market odds for passage had already fallen sharply, and industry groups called the result a setback rather than an end. With little Senate time left, regulatory action may shift to SEC/CFTC rulemaking and Treasury guidance.
