Crypto stocks experienced a sharp decline following the failure of the Clarity Act, while Bitcoin demonstrated relative strength by falling approximately one-third as much as equities. The divergence highlights a decoupling between digital asset prices and crypto-linked stocks during periods of legislative uncertainty. Market participants are now assessing alternative catalysts for Bitcoin price action as regulatory clarity remains elusive. The muted response in spot markets compared to equity volatility suggests that fundamental demand drivers may currently outweigh legislative headwinds for the cryptocurrency itself.