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 Tuesday (local time) that would have sent it to a full Senate floor vote. The defeat of the long-pursued bill sent Bitcoin and Ethereum tumbling. A display board at the Bithumb Lounge Gangnam branch in Seocho-gu, Seoul, showed Bitcoin's market price Wednesday morning.
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