Regulation· ★★★· bearish·

Senator Moreno calls crypto bill failure 'a sad day for the Senate'

  • Senator Moreno commented after the crypto bill was blocked
  • The bill failed to secure the necessary votes in the Senate
  • The failure of the CLARITY Act triggered a drop in bitcoin and altcoins
Why it matters: Without federal legislation, crypto regulation in the US will shift to the SEC and CFTC through individual rules.
Source: Google News (crypto query)