Crypto stocks fall after US Senate fails to advance CLARITY Act, 49-50

  • U.S. Senate failed to advance the CLARITY Act in a procedural vote.
  • 49 votes supported and 50 opposed advancing the digital-asset market legislation.
  • Circle shares fell more than 11% as crypto-linked stocks broadly declined at the close.

Crypto-related stocks fell broadly at the close of U.S. trading, with Circle down more than 11%, Coinbase off more than 10%, Bitmine losing more than 8%, Strategy declining more than 5% and Robinhood slipping more than 3%. The declines came after the U.S. Senate failed to advance the CLARITY Act (digital-asset market legislation) in a procedural vote on Tuesday, with 49 senators voting in favor and 50 against.

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