Bitcoin fell below $75,000 after the U.S. Senate narrowly failed to advance the CLARITY Act, a bill aimed at establishing clearer federal rules for the $2.3 trillion crypto market. The vote was 49–50, short of the 60 needed, reflecting political disagreements over ethics provisions. This setback casts doubt on comprehensive crypto regulation in the near term, especially with midterm elections approaching. Alongside Bitcoin, Ethereum, XRP, and crypto-related stocks also declined, while macroeconomic pressures like rising Treasury yields and inflation concerns add to market challenges. The crypto industry now faces an uncertain regulatory future, with the next major legislative opportunity possibly years away, shifting focus back to market and Fed policy developments.
The U.S. Senate's failure to advance the CLARITY Act coincides with broad declines in major cryptocurrencies on Pluang. For readers following crypto markets, here is Pluang's snapshot as of Sep 16, 2026 03:28 WIB: out of 50 major cryptocurrencies, 45 fell and 4 rose today. Notable movers include BAT at Rp1.261 with a -9.25% change and a typical hold time of 92 days, VET at Rp127 down 8.73% with 146 days hold time, and THETA at Rp3.192 down 8.25% with a 77-day hold time. Pluang order activity shows mostly buying for BAT and mostly selling for VET and THETA.
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