Bitcoin Falls as US Senate Rejects Crypto Bill

2026-09-16 01:00 By Kyrie Dichosa 1 min. read

Bitcoin fell to about $75,000 in mid-September, near a more than three-week low as investors reacted to the Senate’s failure to advance a major US cryptocurrency regulation bill.

The Clarity Act failed to advance after a 49-50 procedural vote, falling short of the 60 votes required, and would have placed primary oversight of digital assets with the Commodity Futures Trading Commission.

The setback leaves uncertainty around the regulatory framework for the crypto industry, with potential implications for business investment, the location of crypto firms and institutional participation in the US, analysts said.

Bitcoin has also faced pressure from a less supportive macro backdrop, as higher interest rates and tighter liquidity tend to weigh on demand for speculative assets.

The Federal Reserve’s policy decision is due later today, with markets widely expecting the central bank to deliver its first rate hike in around three years.



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Bitcoin Falls as US Senate Rejects Crypto Bill
Bitcoin fell to about $75,000 in mid-September, near a more than three-week low as investors reacted to the Senate’s failure to advance a major US cryptocurrency regulation bill. The Clarity Act failed to advance after a 49-50 procedural vote, falling short of the 60 votes required, and would have placed primary oversight of digital assets with the Commodity Futures Trading Commission. The setback leaves uncertainty around the regulatory framework for the crypto industry, with potential implications for business investment, the location of crypto firms and institutional participation in the US, analysts said. Bitcoin has also faced pressure from a less supportive macro backdrop, as higher interest rates and tighter liquidity tend to weigh on demand for speculative assets. The Federal Reserve’s policy decision is due later today, with markets widely expecting the central bank to deliver its first rate hike in around three years.
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