Browsing: CLARITY

Cryptocurrency prices tumbled on Tuesday when the Clarity Act failed to advance out of the Senate. Crypto-related equities weren’t spared in the carnage. As one example, cryptocurrency brokerage giant Coinbase Global (COIN) slumped 10.1% after the Clarity Act procedural vote stalled.

In this episode, Scott Melker discusses the Clarity Act’s failure to advance in the Senate, the Fed’s expected interest rate hike, and Circle’s (CRCL) launch of its Arc blockchain.

The CLARITY Act‘s Senate cloture vote failed 49 to 50, well short of the 60 needed to end debate, and the two cleanest equity proxies for U.S. crypto market-structure legislation are taking the hit. Coinbase (NASDAQ:COIN | COIN Price Prediction)…