Bitcoin Recovers After CLARITY Act Fails to Advance in US Senate

Bitcoin rebounded to over $81,000 on Friday after a brief dip to $75,000 following the US Senate's failure to advance the CLARITY Act on September 15. Experts, including Bitget Wallet COO Alvin Kan, noted that the bill's failure does not signal a new regulatory crackdown but rather maintains the existing regulatory landscape. The legislation aimed to clarify jurisdiction between the SEC and CFTC, and its absence leaves regulatory uncertainty that disproportionately impacts smaller firms and developers.