Bitcoin lost nearly 4% in 24 hours, falling below the $76,000 threshold

On September 15, 2026, the United States Senate blocked the advancement of the CLARITY Act, a bill backed by the Trump administration and Treasury Secretary Scott Bessent that sought to establish a federal framework for regulating digital assets. The failed procedural vote was followed by declines across the crypto market.

The motion was rejected by 49 votes to 50, although the bill needed 60 votes to advance to the next stage. Four Republicans joined the Democrats who voted against it, while Democratic Senator Chris Coons did not vote.

Bitcoin lost nearly 4% in 24 hours and fell below the $76,000 threshold. Ethereum, XRP, Solana, and the HYPE token also recorded declines.

The CLARITY Act, negotiated for more than a year, would have delineated the responsibilities of the SEC and CFTC and clarified the status of various cryptocurrencies. The more than 600-page bill also included provisions on officials’ ethics and conflicts of interest.

Bipartisan negotiations are suspended, at least temporarily. Meanwhile, the SEC and CFTC continue to develop rules concerning tokens, custody, and trading platforms, but these may be changed by future administrations.