- The Senate voted 49-50 against advancing the CLARITY Act, leaving it outside formal debate after falling short of 60 votes.
- Bitcoin short-term holder exchange inflows jumped from 19,400 BTC to 33,100 BTC, with over 10,000 BTC entering Binance.
- About 23,200 BTC moved to exchanges at a loss, marking the largest short-term holder capitulation event of the past month.
The U.S. Senate blocked the CLARITY Act from advancing on September 15 after a 49-50 vote fell short of 60 votes. Grayscale said the bill did not advance to formal debate, while Senator Angela Alsobrooks said it would not die. Analyst Darkfost linked the setback to the month’s largest short-term holder capitulation event in Bitcoin.
Senate Vote Blocks Further Debate
The Senate vote followed negotiations over the digital asset market structure bill. Republicans had updated the text before the vote, according to the supplied reports.
Alsobrooks, speaking to journalist Eleanor Terrett, said more than 70 million Americans engage with the industry. She said lawmakers have a responsibility to regulate it. Alsobrooks also accused Republican leadership of “playing a game” by forcing the vote.
She cited concerns about holding President Trump accountable over what she described as crypto “corruption.” Grayscale said the vote was not the outcome it wanted. However, the company pointed to ongoing work by the SEC and CFTC.
Bitcoin Exchange Inflows Rise
Darkfost reported increased selling activity among Bitcoin short-term holders after the failed vote. Their exchange inflows rose from 19,400 BTC to 33,100 BTC. More than 10,000 BTC entered Binance alone, according to the analyst.
Meanwhile, Kraken recorded the sharpest increase among the exchanges cited. Kraken’s daily inflows normally range from 2,000 to 3,000 BTC. However, the exchange received more than 6,000 BTC during the latest session.
Coinbase Advanced recorded 7,300 BTC in institutional inflows. Darkfost described that figure as typical for the platform.
Loss-Making Transfers Reach Monthly High
The largest change involved the profitability of Bitcoin transferred to exchanges. Darkfost reported that 23,200 BTC moved to exchanges while held at a loss. The analyst identified that figure as the largest short-term holder capitulation event recorded over the past month.
The data followed the Senate’s failed CLARITY Act vote. Darkfost said short-term holders deployed large amounts of Bitcoin within a short period.
Meanwhile, Grayscale said regulatory work by the SEC and CFTC continues despite the Senate setback. The CLARITY Act therefore remains outside formal debate following the 49-50 procedural vote.
