Euronews.com1d ago

Bitcoin slides as US Senate blocks key CLARITY Act vote

AI Market Summary

US Senate failure to advance the Digital Asset Market Clarity Act (49–50, short of 60) undermines expectations for near-term federal market-structure legislation. The setback increases regulatory uncertainty and shifts rulemaking toward SEC/CFTC agencies, which may be less durable across administrations. Risk sentiment weakened across major tokens; Bitcoin fell roughly 4% and Hyperliquid’s HYPE also declined, reflecting reduced confidence in a clearer US framework this year.

Impact level

● High

Affected assets

BTC/USDT+0.80%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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The US Senate failed to advance the CLARITY Act after a 49-50 procedural vote, falling 11 short of the 60 needed. The bill sought to establish a federal framework for regulating cryptocurrencies, and its setback undermines prospects for passing market-structure legislation this year. Bitcoin fell nearly 4% to below $76,000, while Hyperliquid’s token HYPE also slipped about 4%.

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