XRP Drops 10% and Bitcoin Slides as Senate Kills Clarity Act
A failed Senate procedural vote on the Clarity Act market structure bill pushed XRP down 10% and dragged Bitcoin toward $76,000.
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Key takeaways
- The U.S. Senate rejected a procedural vote on the Clarity Act in a 49-50 split.
- The market structure bill fell 11 votes short of the 60 required to move forward.
- XRP dropped 10% while Bitcoin slid toward $76,000, dragging down every major token.
Washington just delivered another dose of reality to crypto traders. A failed procedural vote on the Clarity Act market structure bill pushed prices straight down. XRP dropped 10%. Bitcoin slipped toward $76,000.
The motion died in a 49-50 vote. That leaves the bill 11 votes short of the 60 needed to advance. Predictably, the legislative roadblock sparked a swift sell-off that dragged down every major digital asset in its wake.
Why it matters
Markets hate uncertainty. The Clarity Act was supposed to set clear rules for market structure, but its defeat dumps exchanges and token holders right back into legal limbo. Expect choppy trading until Washington figures out its next move.
Source: CoinDesk
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