Crypto Market News: CLARITY Act Falls 49-50 as Pepeto Tops $11M With 162% Staking

The crypto market news this week reads like two stories at once. The CLARITY Act failed in the Senate 49 to 50 on September 15, per CoinDesk. Then the Fed raised rates for the first time in over three years one day later, per CNBC.

Bitcoin fell to $75,000 and came back above $81,000 by Friday. The big coins took the blow and stood up. When you search for crypto market news and that is what you find, the next move is clear.

The money that wants more than a 5% bounce starts looking for the coin that has not moved yet. Right now that coin is Pepeto, a presale with 162% staking and $11 Million raised.

What Happened to the CLARITY Act and Why Does It Matter?

The Senate voted 49 to 50 against moving the CLARITY Act forward on September 15, per CoinDesk. The bill needed 60 votes just to open debate. All Democrats voted no, joined by four Republicans, per CNBC.

The bill would have split crypto rules between the SEC and the CFTC. Without it, the market runs on agency rules that could change at any time. Bitcoin dropped below $76,000 on the vote but held its ground.

By September 19 it sat above $81,000 per CoinGecko. The market priced the failure in fast, and buyers who missed the dip are now looking for what comes next.