Crypto bill won't move without a ban on officials' industry ties, says U.S. Senator Gillibrand

Burns Brief

The Democratic lawmaker has been a negotiator for the Clarity Act, and one of the final sticking points is the crypto constraint on officials, including the president The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.