Bitcoin remained near $75,000 after the Federal Reserve raised interest rates and the Senate rejected the Clarity Act, defying expectations of a sharp crypto-market sell-off. The 49-50 cloture vote failure caused $571 million in long futures positions to be liquidated during the following 24 hours, while Coinbase Global and Circle Internet each fell 10% before rebounding Friday. Bitfinex derivatives chief Jag Kooner said traders had largely anticipated the Senate outcome and were not positioned for the bill to pass, limiting the need to unwind approval-related bets. Nexo Dispatch analyst Ilya Kalchev said bitcoin’s resilience after three shocks this month points to consolidation and range-bound trading rather than an immediate breakout, because the market lacks a fresh catalyst. The bill’s failure nevertheless prolongs the industry’s absence of clear statutory rules. The source also identifies APAC as an important proving ground as stablecoins (digital tokens designed to maintain stable value) enter regulated finance, with a report focused on regional rules, use cases and RLUSD’s role.