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CLARITY Act stalls in Senate over crypto rules; Bitcoin falls 22% from May peak

Market News
13 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The CLARITY Act, a key U.S. cryptocurrency regulation bill, is stalled in the Senate due to disagreements over restrictions on officeholders, with Senator Warren pushing for specific rules opposed by the White House. Despite this, major market structure provisions favored by firms like Coinbase and Circle have been agreed upon. Bitcoin's price has dropped 22% from its May high of $80,000 amid the legislative uncertainty. Observers are watching for a third Democratic senator to support the bill, which could help break the deadlock before the August recess.

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