[Washington Hits the Brakes: Regulatory Relief Instantly Vanishes] According to the latest updates from the U.S. Congress and Senate, the highly anticipated regulatory milestone bill, the CLARITY Act, has been officially confirmed as unable to pass before the summer recess due to conflicting interests and Senate scheduling conflicts. Deliberation will now be postponed until after the fall session resumes in September. The previously anticipated “compliance dividend” that markets had pinned their hopes on has been abruptly shattered, triggering a wave of risk-off selling by both institutional and retail investors. [Market Turmoil: Long Positions Suffer Heavy Losses] Upon the news, the entire crypto market plunged sharply, with data confirming a severe blow to market confidence: Bitcoin (BTC) dropped nearly 3% in moments, breaking key support levels and falling below the $65,000 threshold; Ethereum (ETH) became the hardest hit, plunging over 4% in a single day and breaking below the $1,900 mark; High-leverage long positions across the network were collectively liquidated, as risk-averse sentiment continued to rise. [Looking Ahead: September Showdown Still Looms Amid High Volatility] The delay of the bill until autumn reduces the likelihood of finalizing legislation within 2026. The intense conflict between traditional Wall Street banks and native crypto players over “stablecoin yields” and “DeFi regulation” remains unresolved in the short term. The period from August to September is expected to be marked by policy uncertainty and heightened market volatility. Risk Disclaimer: The views, conclusions, and recommendations contained herein are for informational purposes only and do not constitute investment advice. The market carries risks; invest with caution.
U.S. CLARITY Act Delayed Until September, BTC Drops Below $65,000, ETH Plummets
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Summary
The U.S. CLARITY Act, a major cryptocurrency regulatory bill, has been delayed until September due to Senate scheduling conflicts and lobbying efforts. Market trends shifted sharply as Bitcoin (BTC) fell below $65,000 and Ethereum (ETH) dropped more than 4% in a single day. Traders are now monitoring key support and resistance levels as high-leverage positions are liquidated. The delay has intensified regulatory uncertainty, with increased volatility anticipated ahead of the fall session.
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