Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act

Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. 

The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after dropping as low as $75,038 at one point on Tuesday. 

Lawmakers blocked the landmark digital asset market structure bill in a procedural vote Tuesday. Major companies in the digital asset space have long called for clear rules to be put in place to regulate the industry. 

Bitcoin wasn’t the only asset that dropped: BTC-related stocks such as Coinbase (NASDAQ: COIN) and Strategy (MSTR) were also down. 

America’s biggest crypto exchange’s stock…

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