Browsing: After

The heads of the Commodity Futures Trading Commission and Securities and Exchange Commission pledged to press ahead with crypto regulation using their existing powers after the Senate failed to advance the Clarity Act.

Ethereum is still trading around $2.4K after a sharp recovery from the $1.5K area. The latest charts show ETH consolidating beneath the $2.5K resistance region, while supply continues to tighten. The technical structure remains constructive on the higher timeframe, although short-term momentum has weakened.

The dogecoin news today tells a story most DOGE holders did not expect. Bitwise closed its Dogecoin ETF on September 10 after just 10 months, with only $722,000 left in the fund, per Yahoo Finance. The ETF opened with $3 million in first week volume and ended with less money than a small savings account.

Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act…

Cryptocurrency prices and crypto-related stocks fell on Sept. 15 after the US Senate voted 49-50 against advancing the CLARITY Act on a procedural cloture motion. Equities tied to the crypto sector recorded steeper percentage losses than digital assets themselves, with several closing down more than 10%.