Senate Blocks Digital Asset Market Structure Bill; Crypto Stocks Slide

RegulationDigital FinancePrice Action Impact 4
โดย Investing.com·US·Read original
Summary · why it matters

The Senate blocked a landmark digital asset market structure bill in a procedural vote Tuesday, sending crypto-related stocks sharply lower. The legislation failed to reach the 60 votes needed to advance. Coinbase declined more than 9%, while Circle Internet Group dropped over 9.6%; Strategy fell roughly 5%, and Bitmine Immersion Technologies lost more than 7%. The bill would have given the Commodity Futures Trading Commission primary authority to regulate the digital assets industry, and Democrats blocked the measure citing concerns over ethics provisions designed to address President Donald Trump's crypto business interests. Senate Republican leaders released an updated version of the Clarity Act late Sunday night that added measures to expand state attorneys general's ability to enforce ethics provisions and further limit crypto companies from offering rewards or interest to stablecoin users, including a circuit-breaker for the Treasury Department to prohibit such rewards, interest or yield. Democrats said the ethical guardrails for the president and other elected officials holding cryptocurrencies did not go far enough, particularly in light of Trump's $1.4 billion crypto windfall, and the defeat comes less than two months before the midterm elections in November.

Impact on stocks 4

Digital Finance & Tokenization▼ · 4 stocks
Coinbase Global Inc
COIN
▼ NegativeRegulationrelevance

Coinbase dropped more than 9% as the Senate blocked the Clarity Act that would have given the CFTC primary authority over digital assets.

Circle Internet Group, Inc.
CRCL
▼ NegativeRegulationrelevance

Circle fell over 9.6% after the bill's defeat, which also would have limited stablecoin rewards and interest offerings.

BitMine Immersion Technologies, Inc.
BMNR
▼ NegativeRegulationrelevance

Bitmine Immersion fell over 7% after the Senate blocked the crypto market structure bill, leaving digital-asset regulation uncertain.

MicroStrategy Incorporated
MSTR
▼ NegativeRegulationrelevance

Strategy fell roughly 5% amid the crypto-stock slide after the Senate blocked the digital asset market structure bill.

Theme Impact 5

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