Crypto Markets Hedge Bets on Clarity Act Passage — Market Talk
Investors in cryptocurrencies have been keenly eyeing the status of the Clarity Act, in hopes of long-awaited regulatory certainty allowing bigger players to move forward with investment plans. The legislation is currently scheduled to be the subject of a cloture vote next week, where some Democratic Senators are needed to join up with Republicans if there's any hope of passing the measure, says Zach Pandl of Greyscale Research in a note. But there are other options traders can still utilize, says Pandl who cites the GENIUS Act that established a federal framework for payment stablecoins, and other measures. Bitcoin falls 1.7%, ethereum is down 1.3%, XRP drops 4.1%, and solana slides 3.2%. ([email protected])