Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act
Bitcoin Magazine Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, af
Source: Bitcoin Magazine
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DW NOTE
The Senate blocked the Clarity Act in a procedural vote on Tuesday. Bitcoin dropped 4% to $75,939; Coinbase fell over 10%, MicroStrategy over 5%. Two and a half years into a crypto administration, the industry still can't get a regulatory framework through Congress — which tells you everything about how seriously Washington takes its own campaign promises once the donations stop mattering.