Coinbase could face the largest impact from the Senate’s rejection of the CLARITY Act, Saxo Bank strategist Ruben Dalfovo said, because market-structure rules are directly tied to the company’s trading business. The bill failed in a 49-50 vote, below the 60 votes needed for passage. After the vote, shares of Coinbase, Circle and Strategy each declined between 5% and 10%, according to Cointelegraph.