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Euronews
Euronews
Quirino Mealha

Bitcoin drops after US Senate blocks landmark crypto bill

Crypto markets dropped late on Tuesday and early Wednesday, as investors digested a defeat that few in the industry had expected.

The procedural motion on the CLARITY Act drew 49 votes in favour and 50 against, 11 short of the 60 required to advance, dealing a major setback to efforts to pass market structure legislation this year.

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