Crypto Market Cap Jumps After CLARITY Act Failure
- —U.S. Senate rejected the CLARITY Act: 49 votes to 50, below the 60-vote threshold
- —Bitcoin rose about 5.7% in 24 hours to $80,884
- —Strategy +15%, Coinbase +12%, Robinhood +8.7% amid the rebound
- —Crypto regulation shifts to the SEC and CFTC without a law from Congress
Why it matters: The market has priced in the CLARITY Act's failure, but further gains depend on SEC and CFTC actions and macro data.
Source: Siam Blockchain