Bitcoin, Ether Longs Lose $380 Million After Senate CLARITY Act Vote Fails

TLDR Crypto exchanges liquidated about $571 million in bullish futures positions over 24 hours after the Senate failed to advance the CLARITY Act. Bitcoin and Ether longs each lost roughly $190 million in forced closures. The Senate cloture vote failed 49-50 on September 15, falling 11 votes short of the 60 needed. Bitcoin traded near [...]

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