Coinbase's latest comments on the Clarity Act show the crypto industry is preparing for multiple regulatory paths. Even if Congress doesn't move forward, the company sees potential routes through the SEC and CFTC.

That broader regulatory uncertainty is worth watching alongside Adobe's strong Q3 performance. Revenue reached $6.76B, up 13% YoY, while Al-first ARR surged over 150%, and monthly active users surpassed 1B.

For investors, the bigger question remains monetization for Adobe and regulatory clarity for crypto. With $BTC also closely tied to the policy environment, both stories highlight how expectations can shape market sentiment.
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