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Bernstein says Clarity Act failure allows stablecoin rewards on idle balances to continue, expects ‘swift’ SEC and CFTC rulemaking

Bernstein says Clarity Act failure allows stablecoin rewards on idle balances to continue, expects ‘swift’ SEC and CFTC rulemakingWorldPing

Bernstein expects the SEC and CFTC to drive crypto rulemaking after Senate lawmakers failed to advance Clarity Act legislation.

This is a short WorldPing brief. The full report was published by The Block.

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Bitcoin ETFs shed $450 million as Clarity Act failsWorldPing
CoinDesk

Bitcoin ETFs shed $450 million as Clarity Act fails

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

Brief by WorldPing · Original reporting by CoinDesk