49 votes to 50. Crypto's biggest bill just failed in the US Senate.
The CLARITY Act needed 60 votes to move forward. It got 49. Betting markets now give it only a 5% chance of becoming law in 2026 — the lowest odds ever recorded.
My take: this is a real setback for $XRP, $ETH and $BTC . Clear rules are exactly what institutions are waiting for before they put serious money into crypto.
Ripple CEO Brad Garlinghouse is staying calm though. His words after the vote: US regulators will "continue to work hard to issue rules to fill the legislative gap."
So no law — but the SEC and CFTC can still write rules on their own. SEC Chair Atkins already promised clearer crypto rules this week.
One warning from a top crypto lawyer: the "next Congress" is the likely next chance for a real law. Translation — don't hold your breath.
Does crypto need Congress, or can the regulators handle it alone? What do you think?
$XRP $ETH $BTC
#CryptoNews #XRP #Regulation
DYOR
The CLARITY Act needed 60 votes to move forward. It got 49. Betting markets now give it only a 5% chance of becoming law in 2026 — the lowest odds ever recorded.
My take: this is a real setback for $XRP, $ETH and $BTC . Clear rules are exactly what institutions are waiting for before they put serious money into crypto.
Ripple CEO Brad Garlinghouse is staying calm though. His words after the vote: US regulators will "continue to work hard to issue rules to fill the legislative gap."
So no law — but the SEC and CFTC can still write rules on their own. SEC Chair Atkins already promised clearer crypto rules this week.
One warning from a top crypto lawyer: the "next Congress" is the likely next chance for a real law. Translation — don't hold your breath.
Does crypto need Congress, or can the regulators handle it alone? What do you think?
$XRP $ETH $BTC
#CryptoNews #XRP #Regulation
DYOR
