Crypto News Today: Bitcoin Holds $76,000 After Fed Hike and CLARITY Act Collapse

Why Did the CLARITY Act Vote Break Crypto Market Sentiment?The Senate voted 49 to 50 on the motion to invoke cloture on the CLARITY Act on September 15, falling short of the 60 votes needed and short of even a simple majority. The bill would have built a federal regulatory framework for digital assets, splitting oversight between the SEC and the CFTC.The failure was not about market structure at all. Democrats objected mainly to the bill's ethics language around presidential crypto holdings, and four Republicans, Susan Collins, Josh Hawley, Jerry Moran and Thom Tillis, also voted against the motion. Republican leaders had released a revised version on Sunday adding new ethics restrictions, but it was not enough.The industry did not see it coming. The vote was described as a stunning loss for a sector that had been confident enough senators would move the bill forward. Technically the bill is not buried, but with midterms approaching, the calendar is brutal.One thing worth telling readers: nothing changes for holders tonight. No new rules, no new taxes, no new exchange obligations, and the SEC's Regulation Crypto Assets framework is still open for public comment until October 20, 20...