🚨💥 DURÍSIMO HIT FOR CRYPTO: THE U.S. SENATE STALLS THE CLARITY ACT
The crypto market took a major hit today from Washington 🇺🇸📉.
The U.S. Senate failed to advance the CLARITY Act, one of the most important regulatory proposals aimed at setting clear rules for the cryptocurrency market.
The legislation sought to define more precisely which assets would fall under the oversight of the SEC and the CFTC, and to establish rules for exchanges and other market participants.
🔥 AND THE MARKET REACTED.
After the result, Bitcoin fell by around 4%, while some companies tied to the crypto sector also saw sharp declines. Reuters reported that Coinbase and Circle dropped by approximately 9%.
⚠️ Important: this does not mean the CLARITY Act is gone forever or that crypto regulation has ended. The outcome represents a major legislative hurdle and leaves the project’s near-term future in a much more uncertain situation.
📉 Crypto had its eyes on Washington… and Washington responded with pressure on the market.
#Crypto #Bitcoin #CLARITYAct
$BTC
The crypto market took a major hit today from Washington 🇺🇸📉.
The U.S. Senate failed to advance the CLARITY Act, one of the most important regulatory proposals aimed at setting clear rules for the cryptocurrency market.
The legislation sought to define more precisely which assets would fall under the oversight of the SEC and the CFTC, and to establish rules for exchanges and other market participants.
🔥 AND THE MARKET REACTED.
After the result, Bitcoin fell by around 4%, while some companies tied to the crypto sector also saw sharp declines. Reuters reported that Coinbase and Circle dropped by approximately 9%.
⚠️ Important: this does not mean the CLARITY Act is gone forever or that crypto regulation has ended. The outcome represents a major legislative hurdle and leaves the project’s near-term future in a much more uncertain situation.
📉 Crypto had its eyes on Washington… and Washington responded with pressure on the market.
#Crypto #Bitcoin #CLARITYAct
$BTC
