The CLARITY Act failed to pass a vote in the U.S. Senate. Bitcoin fell below $75,000

• The U.S. Senate failed to advance the CLARITY Act — 49 lawmakers backed the initiative, while 50 voted against it.
• The bill needed 60 votes to clear the procedural stage.
• Following the vote, bitcoin briefly dipped below $75,000.

The U.S. Senate did not support moving forward procedurally with the CLARITY Act, a bill to establish a structure for the crypto market. According to official data, 49 senators voted to end debate and proceed to consideration of H.R. 3633, 50 voted against, and one did not vote. 

Notably, clearing this stage required the support of three-fifths of the chamber, or 60 lawmakers.

All participating Democratic senators voted against it, along with Republicans Susan Collins, Josh Hawley, Jerry Moran, and Thom Tillis. Democratic Senator Chris Coons did not vote.

Reuters noted that Tillis switched his vote to “no” as part of a procedural maneuver. This preserves the option to bring the matter back before the Senate. However, the timeline for further progress on the initiative remains uncertain.

The failed vote was accompanied by a pullback in the crypto market. Bitcoin briefly fell to around $74,960, breaking below the $75,000 level. The move occurred immediately after it became clear that the CLARITY Act would not secure the required number of votes.