Home / Business and Economy / Crypto Stocks Tumble as Senate Halts Bill
Crypto Stocks Tumble as Senate Halts Bill
16 Sep
Summary
- US Senate failed to advance comprehensive cryptocurrency legislation.
- This setback significantly impacted digital asset companies and supporters.
- Major crypto stocks like Coinbase and Circle saw significant drops.
On Tuesday, Bitcoin and crypto-related stocks experienced a notable downturn. This market movement followed the U.S. Senate's failure to advance comprehensive cryptocurrency legislation. The bill's demise represents a significant setback for digital asset companies and the Republican party members who had championed it for months.
As a direct consequence, shares of prominent companies like Coinbase and Circle Internet Group each fell by about 9%. The benchmark cryptocurrency, Bitcoin, also saw a decrease, trading down approximately 4% at $75,908.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
