business π Trump's crypto bill fails in US Senate π
The Trump-backed Clarity Act, a major crypto bill, was blocked by the US Senate on Tuesday. This happened after a procedural vote failed 49-50, missing the required 60 votes. Bitcoin dropped from around $78,000 to about $76,000 following the setback. The failure pushes regulatory questions onto the SEC and CFTC for now. This means long-term institutional stability remains uncertain for the crypto market.