Over $571 million in bullish crypto futures bets were liquidated in the past 24 hours, the highest tally since August 22, after the U.S. Senate failed to pass the Clarity Act in a procedural vote. Bitcoin and ether longs absorbed the heaviest damage, with roughly $190 million liquidated in each. The market had been positioned for upside, largely on hopes the Act would advance, but the bill failed to clear the Senate’s 60-vote hurdle. The CFTC and SEC can still move ahead with their own rule making.