Crypto Sells Off as Senate Fails to Advance CLARITY Act

Crypto markets extended losses Monday night after the Senate failed to advance the CLARITY Act, a development that removed a near-term legislative catalyst and renewed uncertainty around the U.S. digital-asset framework. The setback weighed on sentiment across major tokens and crypto-related equities.

The total cryptocurrency market capitalization fell to $2.70 trillion, down 2.9% over the past 24 hours. Bitcoin traded at $76,047.75 and later slipped below $75,000 for the first time in the session, underscoring the market’s sensitivity to policy headlines at a time when broader sentiment remains neutral.

The move follows a period in which traders had positioned for clearer regulatory progress. Instead, the failed vote reinforced the view that legislative momentum remains fragile, particularly on market-structure rules that could define how exchanges, issuers and brokers operate in the United States.

Risk appetite also weakened as investors reassessed whether the Senate can deliver a workable compromise in the near term. With no immediate policy resolution, the market is likely to continue trading on headlines, liquidity conditions and macro crosscurrents rather than on fundamentals alone.