The United States Senate has just blocked a key bill.
The law that sought to give structure to the crypto market did not move forward.
The outcome was immediate in the stock market.
Companies like Coinbase, Circle, and Galaxy suffered sharp declines after the announcement.
The sector had been hoping for more regulatory clarity, and the rejection has generated a lot of uncertainty.
This is a direct blow to those who were keeping an eye on this legislative push.
What do you think of this Senate decision?
$BTC #Crypto #Regulation
The law that sought to give structure to the crypto market did not move forward.
The outcome was immediate in the stock market.
Companies like Coinbase, Circle, and Galaxy suffered sharp declines after the announcement.
The sector had been hoping for more regulatory clarity, and the rejection has generated a lot of uncertainty.
This is a direct blow to those who were keeping an eye on this legislative push.
What do you think of this Senate decision?
$BTC #Crypto #Regulation
