Bipartisan members of the US Senate blocked the advancement of a landmark digital asset market structure bill in a procedural vote on Tuesday. Democrats say they are concerned about ethics provisions dealing with Trump's cryptocurrency business interests. Bitcoin responded by extending its decline, once falling 5.3% to $74,910. Ether was also lower, once falling more than 8.3%, and some smaller coins declined even more. Bitcoin and Ether prices hit their lowest levels since June.

Bipartisan members of the US Senate blocked the advancement of a landmark digital asset market structure bill in a procedural vote on Tuesday. Democrats say they are concerned about ethics provisions dealing with Trump's cryptocurrency business interests. Bitcoin responded by extending its decline, once falling 5.3% to $74,910. Ether was also lower, once falling more than 8.3%, and some smaller coins declined even more. Bitcoin and Ether prices hit their lowest levels since June.