US Crypto-Linked Stock Index Closes Down 6.62% as Bitcoin Falls to $75,880

The failed Senate procedural vote gives this selloff a policy catalyst, not just a sentiment one, which matters because it links equity-side crypto exposure to legislative timing rather than coin-specific news. The steeper drop in ether than bitcoin suggests the weakness is concentrated in higher-beta crypto assets, and the index's decline shows listed proxies are tracking spot moves closely. Whether the legislative setback proves temporary or delays a broader market structure framework is the open question worth watching.