Fed Hikes Rates for First Time Since 2023 as Senate Kills CLARITY Act on Party Lines

The Fed's 25-basis-point hike to 3.75%-4.00% sent Bitcoin on a sharp swing before it settled near $76,500, according to desk reports. One account tracked the move from sub-$75,000 to above $80,000, driven by a dot plot the desk characterized as dovish. The Dow fell 1.2% on the day, and the 10-year Treasury yield topped 5% for the first time since 2007 before equities rebounded the next day. Both the rate decision and the CLARITY Act's failure in the Senate fed into the same volatile session, though the desk treats them as distinct developments. The Fed's guidance left room for another potential increase in 2026, raising the opportunity cost of holding non-interest-bearing assets like Bitcoin.

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Disputed

Fed Raises Rates for First Time Since 2023, Bitcoin Swings Then Settles Near $76,500

The Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00% in its first hike since 2023, sending Bitcoin on a brief wild swing before it settled near $76,500.

Updated 2 days agoMacroRegulation

+16 independent sources of 859confidence

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Disputed1 conflict

Bitcoin Swings From Sub-$75K to Above $80K as Fed Hikes Rates and Clarity Act Stalls in Senate

Bitcoin fell below $75,000 after the Clarity Act stalled in the Senate, then surged past $80,000 following the Fed's 25-basis-point rate hike and a dovish dot plot.

Updated yesterdayMacroRegulation

BN3 independent sources of 454confidence

The US Senate voted 50-49 against advancing the Digital Asset Market Clarity Act on September 15, 2026, falling short of the 60 votes needed for cloture. The Senate Banking Committee had approved its version by 15-9, and the House passed the legislation by 294-134, meaning bipartisan support existed but collapsed on the ethics provisions related to Trump's crypto dealings. Multiple experts noted the result could delay product launches, funding decisions, and commercial agreements. The desk flagged one verified disagreement in reporting on this event. The CLARITY Act's failure leaves crypto market structure oversight in the hands of the SEC and CFTC through agency rulemaking rather than congressional legislation, which may lack the permanence the industry sought.