Crypto traders holding long, or bullish, futures positions suffered significant losses over the past 24 hours following the failure of the Clarity Act in a Senate procedural vote. Liquidation Data Reveals Heavy Long-Side Damage Exchanges liquidated approximately $571 million in long positions during this period, marking the highest total since August 22, according to data ...
XRP led a broad cryptocurrency sell-off Wednesday morning, plunging nearly 10% to $1.30 during Asian trading hours after the U.S. Senate failed to advance the Clarity Act, according to CoinDesk data. Major Tokens Slide Across the Board Ether followed with a decline of nearly 5% to approximately $2,410. Solana dropped 5% to just above $97, ...
Novogratz Slams Congress Over Clarity Act Failure Prominent crypto investor Mike Novogratz has sharply criticized Congress for failing to advance the Clarity Act, legislation designed to establish a regulatory framework for digital assets in the United States. In a recent social media post, Novogratz detailed how 18 months of bipartisan negotiations collapsed, leaving the industry ...
Senate Stalls CLARITY Act, Amplifying Crypto Regulatory Uncertainty The U.S. Senate failed to advance the CLARITY Act today, a development that injects fresh uncertainty into the digital asset regulatory landscape. According to a report from Fireblocks, the legislative stall threatens to disrupt the independent rulemaking timelines of both the Securities and Exchange Commission (SEC) and ...
BitGo Pushes Federally Regulated Banking Amid Clarity Act Senate Stall The stalled progress of the Clarity Act in the Senate has raised significant concerns regarding asset security, prompting digital asset custodian BitGo to advocate for the protection of assets through federally regulated banks. The situation underscores the growing importance of secure custody solutions for investors ...
Bitcoin, Ethereum, XRP Face Selling Pressure After Senate CLARITY Act Vote Fails Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP came under fresh selling pressure Thursday after the U.S. Senate failed to advance the CLARITY Act, a key piece of digital-asset market structure legislation. Senate Procedural Vote Falls Short of 60-Vote Threshold A procedural ...
Senator Bill Hagerty Criticizes Senate Democrats Over Clarity Act Delay Senator Bill Hagerty (R-TN) expressed disappointment today over Senate Democrats’ refusal to bring the Clarity Act to a final vote, arguing the decision undermines America’s position as a leader in cryptocurrency and blockchain technology. The Tennessee senator, a vocal advocate for clearer digital asset regulations, ...
CLARITY Act Stalls in Senate, Putting Spotlight on SEC and CFTC Crypto Authority The CLARITY Act failed to advance in the Senate on September 15, 2026, dealing a blow to legislative efforts aimed at establishing a structured regulatory framework for digital assets. The setback was highlighted by Coinbase CEO Brian Armstrong, who expressed disappointment while ...
Crypto Derivatives Face Uncertainty After Clarity Act Failure The collapse of the Clarity Act has triggered significant concern across the cryptocurrency derivatives market, with sophisticated investors warning that regulatory ambiguity may drive institutional capital away from speculative trading products. Market Reaction: Volumes Vanish Amid Regulatory Void Trading activity has ground to a near halt. According ...
CLARITY Act Vote Failure Triggers Market Sentiment Shift, Gemini Highlights Trader Reaction The failed vote on the CLARITY Act has drawn immediate attention from major industry players, including cryptocurrency exchange Gemini, which publicly commented on the implications for market sentiment. The exchange’s social media post highlights the ongoing reaction to this regulatory setback, illustrating how ...
Ethereum Price Drops 2.7% to $2,446 Amid Pre-Vote Caution Ethereum (ETH) fell 2.7% to $2,446 on Tuesday, September 15, extending its pullback from the $2,500 resistance zone. The decline came as traders braced for a pivotal U.S. Senate vote on the CLARITY Act, with broader crypto market caution weighing on sentiment. Session Price Action and ...
The CLARITY Act is heading toward a critical Senate vote with no clear coalition capable of delivering the 60 votes needed for enactment. Expectations for the landmark crypto market‑structure bill deteriorated sharply Tuesday, with Polymarket odds of enactment falling below 20% after reaching about 34% during the previous 24 hours. CLARITY Act Faces Critical Senate ...