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Senate rejects CLARITY Act cloture vote as BTC falls 1.64%

  • The U.S. Senate rejected a cloture vote on the CLARITY Act overnight.
  • BTC traded at $75,744.70, down 1.64%, according to CoinMarketCap.
  • Peter Schiff said Bitcoin needs no congressional legislation because it has no value.

The U.S. Senate rejected a cloture vote overnight on the CLARITY Act, leaving unresolved whether the bill would advance to floor debate. Euro Pacific Capital CEO Peter Schiff, a prominent Bitcoin critic, said Bitcoin has no value and therefore needs no legislation from Congress. At the time of writing, BTC was trading at $75,744.70, down 1.64%, according to CoinMarketCap.

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