Key procedural vote on the CLARITY Act fails to pass, Bitcoin briefly drops below $75,000, crypto-related stocks plunge across the board

September 16: The U.S. Senate held a key procedural vote early this morning on the Cryptocurrency Market Structure Act (the CLARITY Act), which ultimately ended in a 50-50 tie, falling short of the 60-vote threshold required for passage. As a result, the CLARITY Act cannot enter the Senate's formal deliberation process in the near term. The bill still has a foundation of support in principle, but the current version has failed to form a sufficiently broad bipartisan coalition. The vote result does not mean the bill is permanently dead, nor does it mean the bill has been finally rejected. It only means that this procedural debate on whether to enter deliberation has failed, and the bill temporarily cannot proceed to subsequent amendment discussions.

Affected by this, according to HTX market information, Bitcoin briefly fell below $75,000 and has now rebounded to $75,600, down 3.3% in 24 hours; Ethereum dipped to $2,358 and is now at $2,400. SOL is now at $97, ZEC is now at $1,107, and BNB is now at $711. The total cryptocurrency market capitalization fell 4% in 24 hours and is now at $2.664 trillion.

Affected by this, according to BIT (bit.com) market data, U.S. crypto-related stocks suffered heavy losses:

Strategy (MSTR) fell 5.30%;

Coinbase (COIN) fell 10.10%;

Circle (CRCL) fell more than 11%;

BitMine Immersion (BMNR) fell 8.4%;

SharpLink Gaming (SBET) fell 8.96%.