The CLARITY Act failed to advance in the US Senate on Tuesday, September 15, dealing a major setback to the crypto industry’s biggest regulatory push in years. Senators voted 49-50 on a procedural motion to move forward with the bill. It needed 60 votes. The vote was on whether the Senate should begin considering the
Erebor Bank tried to attract crypto firms by letting clients turn USDC and USDT into dollars at face value for free. Within months, professional trading firms including Wintermute and Galaxy Digital reportedly found a way to profit from the offer, leaving the bank to absorb the cost. Erebor quickly became one of
Bitcoin Magazine Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after dropping as low as