Strategy Inc. (formerly known as MicroStrategy) shares MSTR fell 5% on Tuesday as Bitcoin declined after the US Senate failed to advance the Digital Asset Market Clarity Act. The vote dealt a major setback to comprehensive cryptocurrency legislation that had been championed by Republicans and supported by major players in the digital asset industry. The bill's failure also weighed on other crypto-related stocks. Coinbase shares fell 10% following the decision. Clarity Act setback pressures crypto stocks The Senate vote effectively put the Clarity Act on hold, with Congress expected to leave Washington this month ahead of the November midterm elections. Republicans are seeking to retain control of both the House of Representatives and the Senate.