BTC·XRP·Shiba Inu Dip as Clarity Act Progress Stalls

The U.S. Senate failed to pass a procedural vote on advancing the Clarity Act for digital asset market regulation, causing Bitcoin (BTC), XRP, and Shiba Inu prices to fall, according to U.Today.

On Thursday (local time), the Senate voted on whether to proceed with discussions on the Clarity Act, a bill aimed at regulating the digital asset market. The bill required 60 votes to advance but fell short of that threshold.

Axios reported that Republican Senators Susan Collins, Josh Hawley, and Jerry Moran cast 'no' votes against the bill. AP News noted that all Democratic senators opposed the legislation.