Sep. 16 at 1:00 AM
A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.
Here's a full recap:
1. The Clarity Act
$BTC
$ETH
failed to advance in the Senate on Sept. 15, with the motion to proceed falling short of the 60-vote threshold in a 49–50 vote. The last-minute Sept. 14 rewrite included 126 Democratic-requested changes, covering state AG enforcement of ethics rules, a Treasury “circuit breaker” on stablecoin rewards if banks see deposit flight, and broader developer, miner, and validator safe harbors. The main sticking point was ethics language tied to official crypto holdings. The final text would have required covered officials and spouses to divest certain crypto interests or place them in a qualified blind trust, but critics argued it still left unresolved concerns around presidential crypto ventures. Markets sold the news, with Bitcoin down about 3% and
$COIN
Coinbase and
$CRCL
Circle falling roughly 8%-10% after the vote.
