Clarity Act vote failed as all Democrats voted against it, triggering selloff across crypto majors and alts.
Regulation & Gov ·
The Senate rejected cloture on the Clarity Act with a 49-50 vote Tuesday, falling 11 votes short of the 60-vote threshold needed to proceed, after all Democrats voted against advancing the bill. Bitcoin fell to $75,960 in the aftermath, down 4% to its lowest point since August 21, while Ethereum dropped 5.4% to $2,401, Solana fell 5.1% to $98.15, and XRP declined 9.4%. Negotiations collapsed in the final hour over unresolved ethics provisions, and odds of the bill passing in 2026 have fallen to 5% on Polymarket, though regulatory agencies including the CFTC and SEC continue pursuing rule changes under existing authority.