Clarity Act Failure Leads to Liquidations of Crypto Longs Worth $570 Million
Crypto markets saw about $571 million (roughly Rs.
5,479 crore) in long-position liquidations over 24 hours after the US Senate failed to advance the CLARITY Act.
Bitcoin and Ether accounted for roughly $190 million each, while XRP and Solana saw smaller losses.
The Senate’s September 15 cloture vote on H.R.
3633 ended 49-50, falling short of the 60 votes required to advance the legislation.
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