Bitcoin Falls Below $75K After Senate Vote Fails

Bitcoin fell 4.6% after the U.S. Senate failed to clear a procedural vote on the Digital Asset Market Clarity Act, a closely watched bill aimed at defining the U.S. regulatory framework for digital assets. The measure did not reach the 60 votes needed to advance, undercutting expectations that had built around a potential policy breakthrough.

The price drop pushed Bitcoin below the $75,000 level and triggered about $771 million in crypto liquidations, according to the signal data. The move was consistent with a sell-the-news response, as traders who had positioned for a favorable legislative outcome moved to reduce exposure once the vote failed.

The setback adds another layer of uncertainty to the U.S. policy outlook for digital assets. While the bill was not defeated on final passage, the procedural failure signals that consensus remains limited in the Senate, leaving the market without the regulatory clarity many participants had priced in.

Bitcoin’s decline also highlights how sensitive crypto markets remain to policy headlines, especially when leverage is elevated. The liquidation wave likely amplified the downside move, forcing additional selling across major tokens and related derivatives markets.