Browsing: Crypto

Canton (CC)’s approximately 4% decline over the past 24-25 hours is primarily due to a broad crypto market selloff following the failure of the U.S. CLARITY Act and heightened expectations of a Federal Reserve rate hike, rather than any Canton-specific issues.

The CLARITY Act failed its biggest test on September 15, when the Senate voted 49-50 to reject cloture on the motion to proceed to the sweeping crypto market structure bill. Technically, the bill is not dead, but it has less time before the 2026 elections.

The US Senate yesterday failed to proceed with consideration of the CLARITY Act, marking another blow for the prospect of a legislative framework for digital assets at the federal level. Senators voted 49 to 50, with the motion coming up short of the three-fifths majority needed to invoke cloture (to overcome an objection to) the motion to…

Legislation that would bring cryptocurrency into the regulated financial system has stalled in the U.S. Senate. President Donald Trump had thrown his weight behind the bill as a way to energize the crypto market, but questions over financial gains by him and his family derailed it