Bitcoin falls below $76,000 as US Senate rejects CLARITY Act motion

The US Senate failed to advance the Digital Asset Market Clarity Act on September 15, with a 49-50 cloture vote falling short of the 60 votes required to proceed to debate. The bill aimed to establish a uniform federal regulatory framework for digital assets, but its failure leaves the industry's market-structure efforts stalled. Bitcoin dropped to an intraday low of $74,967.97, with the decline beginning prior to the vote. The broader altcoin market also saw a 3.6% decrease in capitalization, while over $665 million in liquidations were recorded within a 24-hour period.