CLARITY Act Bitcoin Rally Failure
The CLARITY Act passing the Senate Banking Committee initially turned the crypto market bullish, but Bitcoin could not sustain its rally above $81,000.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
A mix of mainstream and niche sources — coverage is broadening.
"Lummis's remarks around the crucial July 4 date and the legislative effort going towards reaching a compromise on the contentious issues on the bill have not boosted the market confidence that CLARITY will pass in 2026. Data from Kalshi shows that there is only a 42% chance that CLARITY is going to pass in 2026."
"The proposal would prohibit Bitcoin held under the Act from being traded, loaned, leveraged, pledged as collateral, or used in speculative, derivative, or yield-generating activity."
"The crypto market news turned bullish when the CLARITY Act cleared committee, but BTC could not hold $81,000 and gave back the rally within days."
"Bitcoin briefly hit $82,000 on the vote before falling back below $77,000 as Treasury yields reached 12 month highs according to Reuters."