Crypto stocks slide after CLARITY Act fails to advance in Senate

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Crypto-related stocks fell after the Senate failed to advance the CLARITY Act, reflecting renewed uncertainty over the U.S. regulatory framework for digital assets. The setback signals that legislation intended to clarify oversight and jurisdiction may face further delays or partisan obstacles. For Bitcoin, the development is a near-term sentiment negative, potentially prolonging regulatory uncertainty and volatility, though it does not alter the network’s underlying fundamentals.

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