Coinbase, Circle and Galaxy lead a broad crypto stock selloff after the U.S. Senate failed to advance a long-awaited market structure bill.
- Crypto stocks sank Tuesday after the Senate failed to advance the Clarity Act, with Coinbase, Circle and Galaxy each falling more than 8%.
- The 49-50 Senate vote fell short of the 60 votes needed, dealing a setback to the crypto industry’s push for a federal market structure framework.
- Broader U.S. stocks also faced pressure ahead of Wednesday’s Federal Reserve decision, but the steeper declines in crypto-linked shares came as investors absorbed the Clarity setback.
Newsletters
- 1 Crypto poured years into new products. The next challenge is keeping users 3 hours ago
- 2 The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking 4 hours ago
- 3 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
- 4 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
- 5 Cathie Wood says smart investors need to start watching where AI agents spend money 1 day ago
- 6 Crypto's Sisyphean struggle 1 day ago
- 7 BlackRock offers a glimpse of how tokenization may change your investment portfolio 1 day ago
- 8 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
- 9 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
- 10 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Original sourceCoinDesk
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