Crypto industry turns to US regulators after CLARITY setback
WorldPing
The CLARITY Act still has a procedural path after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
This is a short WorldPing brief. The full report was published by Cointelegraph.
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
Brief by WorldPing · Original reporting by Cointelegraph
The Senate on Tuesday voted to block the Clarity Act from advancing, dealing a blow to the crypto industry's push for a comprehensive market framework.
Brief by WorldPing · Original reporting by CNBC World