Bitcoin fell back below $78,000 after briefly reaching $79,586 on September 14 as traders priced in rising odds for the passage of the Digital Asset Market Clarity Act. On Polymarket, the bill’s passage probability surged from 14% to nearly 30% in a single day before cratering back to 18%, reflecting the reality of a divided Senate. The legislation, the result of over a year of bipartisan negotiations, aims to establish a formal framework assigning digital assets either to the SEC or the CFTC. The cloture vote is scheduled for September 15 and requires 60 votes to advance, while Republicans hold only 53 seats and need at least seven Democrats to cross the aisle. Several state attorneys general oppose the bill due to concerns about federal preemption of state-level crypto enforcement.
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