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Bitcoin dropped below $76,000 after the Senate rejected a motion to advance the CLARITY Act by a 49-50 vote. CryptoSlate said the cryptocurrency selloff and liquidations had begun before the vote.
The CLARITY Act retains a procedural route after Senator Thom Tillis moved to reconsider a failed cloture vote. Crypto executives are divided over whether Congress has enough time remaining to advance the legislation.
The Senate blocked the Clarity Act, likely ending its chances of advancing in 2026, Bitcoin Magazine reported. The move represents a setback for landmark crypto legislation and the broader digital-asset industry.
The Senate failed to advance the CLARITY Act after bipartisan negotiations collapsed and several Democrats withheld support. H.R. 3633 fell short of the 60 votes needed for cloture, blocking further Senate consideration.
The Clarity Act failed to secure the 60 Senate votes needed to advance, according to CoinDesk. The result prompted reactions across the crypto industry and adds uncertainty around a key proposed U.S. market-regulation measure.
The Clarity Act crypto market structure bill failed to secure enough Senate votes to advance. Decrypt reported the setback on September 15, 2026; no vote tally or next procedural step was provided.
Senator Cynthia Lummis says the Clarity Act has reached a decisive stage, with the Senate scheduled to hold a cloture vote Tuesday afternoon. She says the final bill includes more than 120 Democratic demands and new ethics rules.
Bitcoin fell to $75,600, its September low, as global bond yields climbed to multidecade highs. Cointelegraph also cited market nerves ahead of the Senate CLARITY Act vote as a factor weighing on price action.
