On the 16th, the U.S. Senate conducted the initial procedural vote to advance the Clarity Act, but it failed with only 49 votes in favor, falling short of the 60 votes needed for approval.
Following the failure, Bitcoin (BTC) temporarily plummeted to $75,000, marking a 4% drop from the previous day.
According to U.S. journalist Eleanor Terrett, seven Democratic senators who had been involved in negotiations over the Clarity Act for several months voted against it.
The Senate Democrats...
