🚨🚨⚠️The failure of the CLARITY Law in the U.S. Senate triggered a strong massive sell-off in the cryptocurrency market, driven by leverage, with total liquidations reported in an approximate range of $570 to $770 million.
The Senate blocked the Digital Asset Market Clarity Act in a procedural vote of 49-50, which halted the main U.S. legislation on the structure of the cryptocurrency market and surprised those who expected greater regulatory clarity in the short term.
Around the vote, exchanges forcibly closed hundreds of millions of dollars in long positions in Bitcoin futures, Ether, and the major altcoins, with totals reported between approximately $571 and $771 million.
The bill is stalled, but not formally discarded, so regulatory attention is shifting now to the SEC and the CFTC, while traders watch leverage, macroeconomic policy, and any attempt to revive CLARITY or similar bills.
#FedRateWatch $AAPLB
The Senate blocked the Digital Asset Market Clarity Act in a procedural vote of 49-50, which halted the main U.S. legislation on the structure of the cryptocurrency market and surprised those who expected greater regulatory clarity in the short term.
Around the vote, exchanges forcibly closed hundreds of millions of dollars in long positions in Bitcoin futures, Ether, and the major altcoins, with totals reported between approximately $571 and $771 million.
The bill is stalled, but not formally discarded, so regulatory attention is shifting now to the SEC and the CFTC, while traders watch leverage, macroeconomic policy, and any attempt to revive CLARITY or similar bills.
#FedRateWatch $AAPLB
