Ethereum's price has dropped below $1,820, marking a decline of approximately 3.5% as concerns over the stalled CLARITY Act impact market sentiment. The cryptocurrency had recently struggled to maintain a position above $2,000.
The CLARITY Act, which is currently facing weak support from Democratic lawmakers, has contributed to uncertainty within the crypto market. This legislative delay is seen as a factor influencing the recent downturn in Ethereum's value.
The broader crypto market has been affected by these developments, with investors closely monitoring legislative actions that could impact the regulatory environment for digital assets.
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