Crypto rallied hard after the CLARITY Act stalled – a surprising win for the market.
Bitcoin and Ethereum rose about 11% after the vote; NEAR jumped 125%, Uniswap rose 49% and Avalanche gained 44%.
The CLARITY Act would have restricted stablecoins from paying interest or rewards and created a licensing system for spot exchanges, impacting crypto regulation.
With the bill stalled, stablecoin rules stay in place, benefiting platforms like Coinbase and keeping licensing changes off exchanges such as Kraken.
The SEC clarified that a token buyback program alone does not make a token a security, supporting revenue‑generating tokens like NEAR and Uniswap.
Should the crypto industry push for new legislation or work within existing rules?
#Crypto #Bitcoin #Stablecoins #Regulation
Bitcoin and Ethereum rose about 11% after the vote; NEAR jumped 125%, Uniswap rose 49% and Avalanche gained 44%.
The CLARITY Act would have restricted stablecoins from paying interest or rewards and created a licensing system for spot exchanges, impacting crypto regulation.
With the bill stalled, stablecoin rules stay in place, benefiting platforms like Coinbase and keeping licensing changes off exchanges such as Kraken.
The SEC clarified that a token buyback program alone does not make a token a security, supporting revenue‑generating tokens like NEAR and Uniswap.
Should the crypto industry push for new legislation or work within existing rules?
#Crypto #Bitcoin #Stablecoins #Regulation