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Story summary
- The U.S. Senate failed to advance the Clarity Act, voting 50-49, ten votes short of the 60 needed.
- Republicans Jerry Moran, Susan Collins, Josh Hawley and Thom Tillis voted with all Democrats against the bill.
- President Donald Trump, who disclosed $1.4 billion in crypto earnings, urged Congress to pass the legislation.
- Bitcoin fell more than 5% to under $75,000 after the vote.
- Coinbase shares dropped up to 12% after the vote.