Clarity Act fails to clear the level, and the crypto world was hit with a blow that night 💥
After waiting more than a year for the crypto bill, the Senate vote was 49 to 50—still a long way from the 60-vote threshold. Lummis’ line, “It’s all over,” was bluntly clear.
BTC plunged all the way to 749,000, ETH fell more than 8%. In the hour before the vote, over $300 million in long positions were liquidated, and in 24 hours, 115,000 traders were wiped out in liquidations. Coinbase dropped 10%, and Circle slid 13%.
Regulatory vacuum dragged on for another year. The day after tomorrow, early in the morning, there will be a policy meeting—92% odds of a rate hike.
#比特币 #ClarityAct #cryptocurrency
After waiting more than a year for the crypto bill, the Senate vote was 49 to 50—still a long way from the 60-vote threshold. Lummis’ line, “It’s all over,” was bluntly clear.
BTC plunged all the way to 749,000, ETH fell more than 8%. In the hour before the vote, over $300 million in long positions were liquidated, and in 24 hours, 115,000 traders were wiped out in liquidations. Coinbase dropped 10%, and Circle slid 13%.
Regulatory vacuum dragged on for another year. The day after tomorrow, early in the morning, there will be a policy meeting—92% odds of a rate hike.
#比特币 #ClarityAct #cryptocurrency