The CLARITY Act, a key piece of legislation aimed at establishing a comprehensive regulatory framework for virtual assets in the United States, failed a procedural vote needed to advance to a full Senate floor vote on Tuesday (local time). The bill had been pursued as a cornerstone effort to set broad rules for the virtual asset market. Its defeat sent Bitcoin and Ethereum prices tumbling. Bitcoin market prices were visible on an electronic board at the Bithumb Lounge Gangnam branch in Seocho-gu, Seoul, on Wednesday morning.
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