Crypto market hit by sudden policy blow! Key bill fails to pass U.S. Senate, Bitcoin briefly drops below $75,000.

Zhito Finance APP has learned that the U.S. Senate on Tuesday failed to advance a landmark digital asset market structure bill in a key procedural vote, with lawmakers from both parties casting opposing votes, dealing a major setback to the cryptocurrency industry's efforts to establish a long-term regulatory framework. Following the news, crypto assets and related stocks fell sharply, with Coinbase (COIN.US) dropping as much as 12%, Circle (CRCL.US) falling 13%, and Bitcoin briefly dropping below $75,000.