US Senate rejects motion to advance CLARITY Act

The US Senate failed to secure the 60 votes required to advance the CLARITY Act, a major bill aimed at establishing a comprehensive regulatory framework for the cryptocurrency market. Following the vote, Bitcoin and Ethereum prices declined by 4.3% and 5.2% respectively. The bill, which had previously passed the House of Representatives in July 2025, now faces significant hurdles for approval before the midterm elections due to the legislative impasse between Republicans and Democrats.