Follow for LIVE Crypto Updates đ#Follow for LIVE Crypto Updates đ#USSenateBlocksClarityAct đš BREAKING: US Senate BLOCKS Crypto Clarity Act! đš
HUGE blow to Crypto! đ±
Senate vote: 49-50 FAILED (Needed 60 votes)
Result: FIRST ever US Crypto Law REJECTED!
What happened yesterday?
đ„ 4 Republicans + ALL Democrats voted NO
đ„ Bill needed 60 votes, got only 49
đ„ Coinbase stock crashed -11%, Circle -9.4%
đ„ BTC dumped below $75K after vote
Why it FAILED?
1. Trump's $2.2 BILLION crypto empire - Democrats want ban on President's crypto business
2. Stablecoin yield fight - Banks scared deposits will leave
3. Ethics clause - 600 pages but no deal on officials profiting
Who is happy?
â Elizabeth Warren: "Massive risks to families"
â Banks: Saved their deposits
What NEXT?
Senator Lummis said: "We're DONE. It's over!"
No vote until after Nov Midterms = Crypto in limbo till 2027
SEC & CFTC will now make rules - NO law!
Is this BEARISH or BULLISH long term?
Comment below đFollow for LIVE Crypto Updates đ#FedRateWatch #ClarityActOddsHalveOnPolymarket
#USSenateBlocksClarityAct #CryptoNews #ClarityAct #Coinbase #Bitcoin $BTC $ETH
HUGE blow to Crypto! đ±
Senate vote: 49-50 FAILED (Needed 60 votes)
Result: FIRST ever US Crypto Law REJECTED!
What happened yesterday?
đ„ 4 Republicans + ALL Democrats voted NO
đ„ Bill needed 60 votes, got only 49
đ„ Coinbase stock crashed -11%, Circle -9.4%
đ„ BTC dumped below $75K after vote
Why it FAILED?
1. Trump's $2.2 BILLION crypto empire - Democrats want ban on President's crypto business
2. Stablecoin yield fight - Banks scared deposits will leave
3. Ethics clause - 600 pages but no deal on officials profiting
Who is happy?
â Elizabeth Warren: "Massive risks to families"
â Banks: Saved their deposits
What NEXT?
Senator Lummis said: "We're DONE. It's over!"
No vote until after Nov Midterms = Crypto in limbo till 2027
SEC & CFTC will now make rules - NO law!
Is this BEARISH or BULLISH long term?
Comment below đFollow for LIVE Crypto Updates đ#FedRateWatch #ClarityActOddsHalveOnPolymarket
#USSenateBlocksClarityAct #CryptoNews #ClarityAct #Coinbase #Bitcoin $BTC $ETH