Robinhood and Webull Fall 4% as Imminent Clarity Act Decision Stokes Crypto Uncertainty

A Senate vote on the CLARITY Act is rattling crypto-exposed brokerages, and the outcome could reshape the trading landscape for platforms that have bet big on digital assets.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Robinhood Markets (NASDAQ:HOOD | HOOD Price Prediction) stock is falling 4% to $110.30 in Tuesday morning trading as investors weigh crypto-market uncertainty surrounding an imminent Senate vote on the CLARITY Act. Webull Corporation (NASDAQ:BULL) stock is also falling 4% to $8.69, while Interactive Brokers (NASDAQ:IBKR) stock is down 3% to $88.29 as weakness spreads across several online trading platforms.

Crypto assets are under pressure alongside the brokerage stocks, with Bitcoin (CRYPTO:BTC) down 3% to $76,372.44 and the iShares Bitcoin Trust ETF (NASDAQ:IBIT) down 3% to $43.22. The SPDR S&P 500 ETF Trust (NYSE ARCA:SPY) is down 0.37% to $758.07, indicating that Robinhood stock and Webull stock are facing a sharper decline than the broader market.

The CLARITY Act Faces A Key Senate Vote

The U.S. Senate is scheduled to vote Tuesday on whether to advance the CLARITY Act, a major cryptocurrency market-structure bill that would establish a clearer regulatory framework for digital assets. The procedural vote requires 60 votes, and the legislation’s prospects remain uncertain as lawmakers continue negotiating provisions involving cryptocurrency regulation and ethics.