Crypto stocks hit harder than Bitcoin by CLARITY Act failure
- —The Senate rejected the CLARITY Act 49 to 50, short of the 60 votes needed
- —Coinbase -10.1%, Circle -11.5%, Galaxy -7.6%, Strategy -5.4%
- —Spot Bitcoin ETFs lost $463 million over four sessions
- —The bill's passage odds explained only 4.3% of BTC moves in 2026
Why it matters: The bill's failure hits crypto companies' revenue but not Bitcoin, whose next moves depend on decisions by the Fed and the Bank of Japan.
Source: Unchained