Senate Clarity Act vote looms as Bitcoin slides toward $77,800 amid regulatory uncertainty

Bitcoin $BTC has retreated from nearly $80,000 to $77,800 as the U.S. Senate prepares for a procedural vote on the Clarity Act, a landmark crypto market structure bill. The asset remains volatile as lawmakers negotiate provisions around stablecoins, custody, and transfer agents ahead of Wednesday's crucial vote.

Democrats have tabled a counterproposal to the GOP's "final" offer, signaling the bill faces headwinds despite bipartisan support from major financial institutions. Wall Street firms are escalating lobbying efforts to influence the outcome, with crypto adoption timelines potentially hinging on legislative clarity.

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