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Prices displayed are informational. **Solana** (CRYPTO:SOL) fell about 3.4% over 24 hours to trade near $97 on Wednesday, pulling back toward levels it hadn't traded at since before a rally carried it above $100 in August. The drop followed the Senate's failure to advance the CLARITY Act, a bill the crypto industry had spent years building support for. So does $94 hold, or does Solana have further to fall?
The Senate failed to invoke cloture on the motion to proceed to H.R. 3633, the CLARITY Act, on September 15. The vote ended 49 yeas to 50 nays, short of the 60 votes Senate Rule XXII requires to end debate and move a bill toward a floor vote. Solana fell 3.4% on the day, while **Bitcoin** (CRYPTO:BTC) dropped 1.2% to roughly $75,961 and **XRP** (CRYPTO:XRP) fell 9.4% to $1.28 over the same window.
Republicans hold 53 of the Senate's 100 seats, so Majority Leader John Thune needed seven Democratic or independent votes to reach 60. Negotiators had already folded 126 Democratic amendments into the bill, including new ethics restrictions on crypto dealings by public officials. Polymarket traders put the chance of the CLARITY Act becoming law in 2026 at 18.5% Tuesday morning, down about 12 points from a day earlier, and the odds have since fallen to 5%.
Solana's selloff tracked that shift in real time, alongside similar drops in Bitcoin, Ethereum and XRP, as the vote count became public. 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive _Top 10 Stocks To Buy Now_. Not the ten biggest companies. Not the ten everyone is arguing about. **The ten best stocks to buy right now.** The report is free, and you can see why we think each stock is a top investment today.
The SEC and CFTC jointly named Solana one of 16 digital commodities in a March 2026 interpretation, a classification that already treats SOL the way securities law treats Bitcoin. That interpretation ranks below a formal statute, which means a future SEC and CFTC could reverse it without seeking Congress's approval. So, only the CLARITY Act would lock Solana's commodity status into law.
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