Clarity Act Stalls as Bitcoin Reserve Act Takes Over: Overlooked Medium-to-Long-Term Bullish Catalysts Are Already Unde…

300,000 Bitcoin are one step closer to the 20-year lockup, yet the market remains solely fixated on plummeting over another bill.

Author: Jimi, TechFlow

TechFlow Digest: On Sept 15, the Clear Markets Act was blocked in a procedural Senate vote. Bitcoin dipped below $75,000, triggering $670 million in liquidations across 120,000 accounts, pushing market sentiment to freezing point. Yet the very next day, two House committees advanced the Bitcoin Strategic Reserve Act and the Digital Asset Tax Certainty Act respectively. The former aims to lock up 328,000 BTC held by the U.S. government for 20 years, codifying it into statutory law immune to presidential turnover. The market has already priced in the short-term regulatory setback, but has not yet factored in mid- to long-term shifts in token supply structure.

On Sept 15, the U.S. Senate held a procedural vote on the Digital Asset Market Clarity Act, resulting in 49 yes and 50 no votes—11 votes short of the 60 needed to advance. All Democratic senators joined by a handful of Republicans voted against it. This market structure bill, lobbied for by the industry for years and costing hundreds of millions in expenses, stalled with less than two months until the midterm elections.