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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.
Democrats are seeking further concessions on the Clarity Act before today’s 60-vote Senate test, while Republicans insist their latest text is final, Decrypt reports. The bill’s immediate outlook remains tied to negotiations.
Bitcoin gave back its entire post-golden-cross advance as markets awaited an afternoon Senate vote on the Clarity Act and faced the prospect of a Federal Reserve rate hike.
Prediction markets lowered the Clarity Act’s near-term passage odds after Republicans rejected a Democratic counter-proposal. Negotiations remained deadlocked hours before a key Senate vote, CoinDesk reported.
The Senate’s failure to advance the Clarity Act effectively ends crypto market-structure legislative efforts for 2026, CoinDesk reports. The setback has pressured digital assets and represents a major blow to an industry that backed the initiative for years.
Democratic senators sent Republicans a counteroffer on Clarity Act provisions after meeting late Monday to discuss draft text, CoinDesk reported. Details of the proposed changes, market reaction and legislative outlook were not provided.
Bitcoin fell back to $77,800 from $79,000 as the Senate prepared to vote on the Clarity Act. CoinDesk also noted rising oil prices, with Brent and WTI among the related market assets.
OpenAI chief Sam Altman warned that humans could lose control of AI and called for safeguards during training. He also urged shared industry standards, saying developers can act before legislation is introduced.
The CLARITY Act faces resistance from 18 state attorneys general before a key Senate vote. They say the revised bill would weaken state oversight, despite an ethics concession addressing another hurdle.
