Bitcoin Falls Ahead of Vote on Digital Asset Clarity Act — Market Talk

Bitcoin declines ahead of a crucial procedural vote in the Senate on proposed legislation that could offer regulatory clarity across digital assets. The U.S. Clarity Act provides a system for digital assets issuance, trading, and regulation. "U.S. regulatory clarity is improving for digital assets as concerns are considered in latest draft ahead of voting," HSBC's Amy Tyler and Ella Hewitt say in a note. Focus is also on the U.S. Federal Reserve's interest-rate decision due on Wednesday, as a rate rise could boost the dollar and weaken dollar-alternative assets. Markets price a 93% chance of a rate increase at the policy meeting, LSEG data show. Bitcoin drops 2.1% to $77,384. ([email protected])