Bitcoin and crypto stocks remained down after US Senate bill setback
In the United States, bitcoin and shares of cryptocurrency-related companies remained down on Tuesday, September 15, after the Senate failed to advance a comprehensive bill on cryptocurrency market regulation. This was reported by Channel NewsAsia, citing Reuters. The CNA page states that the material was published on September 16 at 03:41 and updated at 03:45.
Price movements
Bitcoin fell by about 4%, to $75,908. Shares of Coinbase and Circle Internet Group each lost about 9%.
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Bill in the Senate
Reuters describes the Senate's inability to advance the legislative initiative as a significant blow to companies in the digital assets sector. It was also a setback for Republicans, who had supported the bill for several months. The CNA publication uses a Reuters illustration showing cryptocurrency in front of the Coinbase logo, dated March 4, 2022.
