Morning Minute: Clarity Act Vote Falls Short as Democrats All Vote ‘No’

GM!

Today’s top news:

• Crypto majors fall as Clarity Act vote fails; BTC at $76.1k
• Clarity Act falls 11 votes short in cloture vote as Dems all vote No
• Kraken parent Payward to bring Hyperliquid perps to the US
• Circle launched its Arc mainnet with 100 protocols already live
• X introduced its Cashtag partner program allowing tickers to be tradeable via CEX

$79.2k$78.0k$76.7k$75.5k

24h HighHigh$77,146

24h LowLow$75,038

VolVol$1.6B

Market projectionsOdds by Myriad

🏛️ The Clarity Act Falls 11 Votes Short

The Senate rejected cloture on the Clarity Act on Tuesday, 49 to 50 against a 60-vote threshold. Cynthia Lummis, the bill’s chief author, had already called it earlier in the day: “It’s over.”

In the aftermath, Bitcoin fell to $75,960, down 4% and its lowest since August 21. Ethereum lost 5.4% to $2,401, Solana 5.1% to $98.15, and XRP lost 9.4%.

Negotiations collapsed in the final hour. Staff for Tim Scott ended a last discussion on ethics provisions in Thom Tillis’s office, and the vote proceeded with nothing resolved. Republicans had conceded real ground in Sunday’s draft, adding state attorney general enforcement and divestment requirements that Trump signed off on. Democrats said it still wouldn’t reach the first family. Warner circulated a counterproposal hours before the vote. Susan Collins voted no from the Republican side.