🇺🇸 The CLARITY Act did not pass. And Washington has just sent the crypto market into a mode of “well, okay then.”
The U.S. Senate failed a procedural vote on a law regulating digital assets: 49 in favor, 50 against. To proceed, 60 votes were required.
This isn’t a final rejection of the bill, but its further progress in the Senate is blocked. After months of negotiations, this is a serious political blow to efforts to establish federal rules for the crypto market.
The market reacted without diplomacy: $BTC was sliding to nearly $75K, and the drop during the session reached about 4%.
But I wouldn’t blame everything on a single vote. Tomorrow there’s also the Fed decision, and U.S. Treasury yields remain high. In crypto today, several unpleasant doors just opened at the same time.
I like political dramas less than the crypto market likes to price them in. But this time the signal really is serious: regulatory clarity in the U.S. is being delayed again.
If you want to separate real risk from yet another panic-driven headline—subscribe to @MoonMan567
The U.S. Senate failed a procedural vote on a law regulating digital assets: 49 in favor, 50 against. To proceed, 60 votes were required.
This isn’t a final rejection of the bill, but its further progress in the Senate is blocked. After months of negotiations, this is a serious political blow to efforts to establish federal rules for the crypto market.
The market reacted without diplomacy: $BTC was sliding to nearly $75K, and the drop during the session reached about 4%.
But I wouldn’t blame everything on a single vote. Tomorrow there’s also the Fed decision, and U.S. Treasury yields remain high. In crypto today, several unpleasant doors just opened at the same time.
I like political dramas less than the crypto market likes to price them in. But this time the signal really is serious: regulatory clarity in the U.S. is being delayed again.
If you want to separate real risk from yet another panic-driven headline—subscribe to @MoonMan567
