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Longtime Bitcoin critic Peter Schiff sees persistently high inflation driving Treasury yields substantially higher, which could create pressure on stocks and cryptocurrencies while strengthening the case for gold.

The Senate killed the crypto bill the industry spent years and hundreds of millions chasing, yet Coinbase, Strategy, and Robinhood are all ticking higher this morning. The reason why reframes everything investors thought Tuesday’s selloff meant.

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.