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#Virus Encryption Bill Fails to Pass!
With 49 votes in favor and 50 against, the encryption bill died on Capitol Hill. Bitcoin crashed 4.32% in 24 hours, Coinbase plunged 10%, and will the Fed make another move at 2 a.m.?
Just hours before the Fed’s September FOMC decision took effect, Capitol Hill erupted. The Senate voted 49–50, one vote short, instantly killing the “Clarity Bill” that the crypto industry has been hoping for years. As soon as the news hit the market, Bitcoin fell 4.32% in 24 hours, Ethereum dropped 6.43%, and XRP was down as much as 11.62%. One bill failed—why could it drag down the entire crypto market? This isn’t just a matter of sentiment; it’s a matter of vested interests.
#Virus Encryption Bill Fails to Pass!
With 49 votes in favor and 50 against, the encryption bill died on Capitol Hill. Bitcoin crashed 4.32% in 24 hours, Coinbase plunged 10%, and will the Fed make another move at 2 a.m.?
Just hours before the Fed’s September FOMC decision took effect, Capitol Hill erupted. The Senate voted 49–50, one vote short, instantly killing the “Clarity Bill” that the crypto industry has been hoping for years. As soon as the news hit the market, Bitcoin fell 4.32% in 24 hours, Ethereum dropped 6.43%, and XRP was down as much as 11.62%. One bill failed—why could it drag down the entire crypto market? This isn’t just a matter of sentiment; it’s a matter of vested interests.
