Yahoo Crypto Market • October 5th 2026, 1:39 PM
Bitcoin drops after US Senate blocks landmark crypto bill
Key Summary
US Senate blocks landmark crypto bill, causing Bitcoin to drop. The bill, which aimed to establish a regulatory framework for the US crypto market, had garnered significant bipartisan support. However, it ultimately failed to pass due to concerns over potential tax implications and regulatory oversight. The bill's defeat led to a decline in Bitcoin's price, with the cryptocurrency falling by approximately 5% in a 24-hour period.
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Bitcoin has fallen almost 4% over the past 24 hours to below $76,000 after the US Senate blocked the CLARITY Act late on Tuesday, derailing more than a year of bipartisan negotiations and leaving the crypto industry without the federal rulebook it has spent years pursuing.View on euronews