SENATE KILLS CLARITY ACT — COIN DIVES 9%, CRYPTO STOCKS CRATER

Senate rejected the Clarity Act and crypto got hammered—Coinbase dropped 9%, broader crypto stocks tanked. The bill would've given clearer regulatory rules on digital assets; its death signals continued Washington gridlock on crypto classification. Portfolio holders bracing for more volatility until the next regulatory push.

Major regulatory defeat with named stock collapse and immediate market consequence.