US Senate Fails to Advance Clarity Act as Bitcoin Drops Below $75,000

The US Senate's failure to process the Clarity Act, a bill aimed at clarifying the regulatory structure for digital assets, caused immediate declines across digital asset-related stocks. Major companies including Coinbase and Circle saw their shares drop over 8%, while Bitcoin also showed weakness. As of Tuesday morning at 8:19 AM KST, Bitcoin (BTC) was trading at 13.11 million won on domestic exchange Upbit, down 2.44% from the previous day's 9:00 AM price. On global exchange Binance, BTC reached $75,857, a decline of 3.25%.