Crypto Rallies as SEC, Regulators Step In Following Failed Senate Clarity Act Vote

Cryptocurrency markets and related equities rallied broadly after the U.S. Senate failed to advance the CLARITY Act, as market focus shifted to federal agency rulemaking under existing regulatory authorities. The bill stalled on September 15 in a 49-50 cloture vote, falling short of 60 votes. Following an initial dip to $75,663 and $450.4 million in ETF outflows, Bitcoin rebounded to touch $87,000 by September 22, supported by $433 million in inflows on September 18. Agency moves, including SEC staff guidance and a five-year Innovation Exemption, helped push total crypto market capitalization above $3 trillion.