Source: Forbes
“Major cryptocurrency assets slid Tuesday as the Senate failed to pass the Digital Asset Market Clarity Act, which seeks to create a federal regulatory framework for digital assets and faces opposition from some Democrats who say the legislation’s provisions are too weak. The CLARITY Act, which needed 60 votes to pass the Senate, failed after a 49-50 vote was held. Bitcoin dropped 4.1% on Tuesday afternoon to around $75,000, falling to its lowest point in its last five days of trading. Ethereum fell over 5% to $2,397, also recording its lowest point in the same period. … The CLARITY Act will have to be reintroduced to Congress at a later date after failing Tuesday, meaning it is seriously unlikely it will be presented in front of lawmakers again before the end of the year as midterm elections approach.” (09/15/26)