Crypto Market Gains $330 Billion After CLARITY Act Senate Failure
The total cryptocurrency market has added $330 billion since the CLARITY Act in the U.S. Senate last Tuesday, while Bitcoin climbed above $87,000, according to figures shared by Coin Bureau on X.
The move comes only days after the Senate blocked the legislation in a procedural vote. The bill received 50 votes in favor and 49 against, falling short of the 60 votes required to advance.
Coin Bureau highlighted the contrast between the legislative setback and the subsequent market rebound. The account reported that more than $740 million in short positions had been liquidated over the previous 24 hours, citing CoinGlass data.
Bitcoin was up 7%, while Ethereum gained 5%. XRP advanced 8% and Solana rose 7%, according to the figures cited by Coin Bureau.
Bitcoin Leads Broader Cryptocurrency Rebound
The gains mark a sharp reversal from the market reaction immediately following the Senate vote. Bitcoin fell after lawmakers failed to advance the CLARITY Act, with CoinDesk reporting that the cryptocurrency traded near $76,000 in the aftermath of the vote.
By the latest move cited by Coin Bureau, Bitcoin had recovered above $87,000. Other major digital assets also recorded gains, indicating that the rebound extended beyond the largest cryptocurrency.
CoinGlass tracks forced liquidations across cryptocurrency derivatives markets, including separate data for long and short positions. Its liquidation data is based on positions forcibly closed across exchanges.
The concentration of short liquidations is relevant to the market's recent price action because traders holding short positions can be forced to close those positions when prices move against them. The Coin Bureau figure refers specifically to more than $740 million in short positions liquidated during the stated 24-hour period.
GENIUS Act Provides a Previous Legislative Comparison
Coin Bureau also pointed to the GENIUS Act as an example of cryptocurrency legislation that initially encountered resistance before eventually advancing.
The post said the GENIUS Act failed a similar vote in May 2025 and passed two months later. Congressional records show that a motion to advance the legislation failed to achieve the required threshold on May 8, 2025, with a 48-49 vote. The Senate subsequently advanced the bill, and the House passed it in July.
The comparison does not establish that the CLARITY Act will follow the same path. The two pieces of legislation addressed different areas of digital-asset regulation, and the current status of the CLARITY Act remains tied to the Senate's September 15 vote.
The immediate market development is therefore separate from the bill's legislative prospects. For now, the figures cited by Coin Bureau show a $330 billion increase in total cryptocurrency market value since the Senate vote, alongside Bitcoin's move above $87,000 and substantial short-position liquidations.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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