#xrpsinks10% If you trade US crypto policy through bitcoin, you own the wrong instrument.
Senate cloture on the CLARITY Act failed 46-43 Tuesday.
$XRP normally moves 1.3x bitcoin, so a 4% drop there should have left XRP
near 5%. It printed 11.6%, worse than all but 8 of 904 days.
XRP has ugly days for other reasons. This one hit in the vote hour. The hedge is mispriced.$RAM $TEM
Senate cloture on the CLARITY Act failed 46-43 Tuesday.
$XRP normally moves 1.3x bitcoin, so a 4% drop there should have left XRP
near 5%. It printed 11.6%, worse than all but 8 of 904 days.
XRP has ugly days for other reasons. This one hit in the vote hour. The hedge is mispriced.$RAM $TEM
