Senate Republicans

Senate Democrats delivered a counterproposal to Republicans on major crypto market structure legislation as lawmakers moved toward a critical procedural vote. The dispute centers on ethics language, state enforcement authority, stablecoin provisions and the scope of federal oversight.

Bitcoin traded near $65,500 as higher oil prices, rising Treasury yields and renewed geopolitical tension weighed on risk appetite. Crypto sentiment also weakened after key Senate Democrats criticized the latest Digital Asset Market Clarity Act draft, pushing passage odds down to 38%.