US Senate Clarity Act Vote Fails to Clear Procedural Hurdle; Bitcoin Drops 4.3%

The procedural failure matters less as a verdict on the bill than as a reminder that US crypto market-structure legislation remains hostage to Senate mechanics, not to any consensus on the substance. The immediate price reaction shows how much near-term positioning had been leaning on a regulatory catalyst that has now slipped. What is worth watching is whether the vote count, still incomplete, reveals a narrow or a broad shortfall — that distinction shapes how quickly the bill can be revived, and whether the market treats this as a delay or a derailment.