The U.S. Senate rejected the closure of debates on the CLARITY Act with 49 votes in favor and 50 against, falling short of the required 60 votes, which caused Bitcoin to drop to around $75,500-76,000, a decline of approximately 3% in 24 hours. Spot Bitcoin ETFs recorded $450.4 million in net outflows on the day of the vote, erasing the $159.9 million rebound recorded the day before. The bill remains technically alive through a motion for reconsideration filed by Senator Tillis, but it emerges politically weakened from this episode. Markets are now awaiting the Federal Reserve’s decision, expected tonight in Washington, with approximately 90% probability of a 25 basis point rate hike, the first since 2023.
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