The US Senate rejected on Monday, September 15, a procedural vote on the CLARITY Act, falling short 49-50 of the required 60 votes. This legislative defeat leaves the crypto market without a federal regulatory framework and denies supporters an immediate path to floor debate. Bitcoin dropped below $76,000, hitting an intraday low of $74,967.97, in a market already under pressure from the upcoming Federal Reserve decision. Over $665 million in positions were liquidated in 24 hours, with more than $300 million occurring within 20 minutes of the vote.
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