#ussenateblocksclarityact Crypto got hit by two different risks at once.
1 The
CLARITY Act failed 49–50 in the Senate
.
2 The
US
10-year touched roughly 5% ahead of a Fed decision where markets expect the first rate hike in three years.
One delays the industry's regulatory path. The other raises the price of money for every risk asset.
I think the second matters more for price today.$BEAMX $CRV $INJ
1 The
CLARITY Act failed 49–50 in the Senate
.
2 The
US
10-year touched roughly 5% ahead of a Fed decision where markets expect the first rate hike in three years.
One delays the industry's regulatory path. The other raises the price of money for every risk asset.
I think the second matters more for price today.$BEAMX $CRV $INJ
