Why Did the CLARITY Act Fail and Will Crypto Prices Crash Further?

Crypto Insight Summary: The CLARITY Act failed to advance in the US Senate on Tuesday, September 15, dealing a major setback to the crypto industry’s biggest regulatory push in years. Senators voted 49-50 on a procedural motion to move forward with the bill. It needed 60 votes. The vote was on whether the Senate should begin considering the Crypto Insight Analysis: Direction: Bearish Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory setback creates uncertainty, but market has priced in some regulatory risk.