Regulation· ★★★★· neutral·

Bitcoin holds above $78,000 despite CLARITY Act failure and hawkish Fed

  • Spot bitcoin ETFs lose funds for a second week in a row: $426.81 million in outflows through Thursday
  • CLARITY Act fails in the Senate: 49 for, 50 against, short of the 60 votes needed
  • Fed raises rate by 25 bps to 3.75–4.00%, allowing for another hike
  • SEC issues a five-year innovation exception for trading tokenized stocks
Why it matters: The CLARITY Act's failure and a hawkish Fed limit bitcoin's upside, but the SEC's regulatory exception partially offsets risks for the market.
Source: FXStreet Crypto