Bitcoin and cryptocurrency stocks tumbled after the U.S. Senate blocked the Clarity Act in a procedural vote. Major crypto equities like Coinbase and Strategy experienced significant losses following the legislative defeat.
The U.S. Senate rejected the Clarity Act in a 49-50 procedural vote, effectively ending its 2026 hopes and causing Bitcoin's price to decline sharply following concerns raised by lawmakers like Elizabeth Warren.
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The U.S. Commodity Futures Trading Commission has introduced new regulatory guidelines allowing domestic cryptocurrency exchanges to voluntarily join a federal framework while major legislation remains stalled in Congress.
The International Monetary Fund approved a $139 million payout for El Salvador while urging the nation to scale back its state involvement in Bitcoin-related activities and halt further accumulation beyond donations.
South African financial institution Absa has become the continent's first bank to provide bitcoin custody solutions, catering initially to institutional clients with plans to add more digital assets later.
Bitcoin surpassed $87,000 during Friday morning trading, driven by steady exchange-traded fund activity and a weaker-than-expected U.S. jobs report indicating higher unemployment.