Wed, 06 Maregulation

US senator says crypto market structure vote may happen by August

Burns Brief

Senator Kirsten Gillibrand said the Senate must address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.

Senator Kirsten Gillibrand said the Senate must address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act.

Key Takeaways