Bitcoin price dips as US Senate rejects CLARITY Act cloture vote

The US Senate failed to reach the 60-vote threshold required to end debate on the CLARITY Act, with a final tally of 49 in favor and 50 against. The bill, which aimed to divide cryptocurrency oversight between the SEC and the CFTC, faced unified opposition from Democrats. Following the vote, Bitcoin fell approximately 3% to trade between $75,500 and $76,000. Markets are now awaiting further developments, including a potential motion for reconsideration and an upcoming Federal Reserve decision on interest rates.