CLARITY stalled in the Senate, the Fed raised rates by 25bps, and then the market started recovering. That sequence is probably the part I find most interesting. The CLARITY procedural vote ended 49–50, short of the 60 votes needed, while the Fed moved rates to 3.75%–4.00%.
So why did markets show resilience afterward? Maybe both events were already partly priced in. Maybe falling oil prices and stabilizing yields helped sentiment. Or perhaps investors are looking beyond the legislation itself, especially after SEC Chair Paul Atkins said the agency would continue working on crypto rules under its existing authority.
BingX gives me a useful place to watch how the different markets are reacting rather than focusing on crypto alone.
So why did markets show resilience afterward? Maybe both events were already partly priced in. Maybe falling oil prices and stabilizing yields helped sentiment. Or perhaps investors are looking beyond the legislation itself, especially after SEC Chair Paul Atkins said the agency would continue working on crypto rules under its existing authority.
BingX gives me a useful place to watch how the different markets are reacting rather than focusing on crypto alone.
