U.S. Senate blocks CLARITY Act, dimming prospects for 2026

The U.S. Senate failed to advance the CLARITY Act in a procedural vote on Tuesday, with a 49-50 result falling short of the 60 votes required. The bill, which sought to clarify regulatory oversight for digital assets, faced opposition from both parties, though Democrats were frequently accused of stalling the legislation. Senator Elizabeth Warren criticized the bill as a risk to economic stability, while concerns regarding potential conflicts of interest involving President Donald Trump and his crypto ventures were raised. Bitcoin's price fell 4% to $75,997 following the news.