Fed hikes rates, CLARITY Act fails, SEC opens path to tokenized stocks
- —The Fed raised rates to 3.75–4%, over $540 million in longs were liquidated
- —The CLARITY Act failed: 50–49, the odds of passage fell from 31% to 7%
- —The SEC approved trading of tokenized U.S. stocks for 5 years
- —Circle launched the Arc mainnet with USDC gas and 22 stablecoins
Why it matters: The rate hike and CLARITY Act failure weigh on the market, but the SEC's tokenized stock rules open a major new segment.
Source: crypto.news