What changed, why it matters, and what most people may be overlooking.
The Clarity Act fell ten votes short of the 60 needed and Congress is nearing recess; the industry must now rely on agency rules that can change with courts and elections.
US spot Bitcoin funds posted their best daily inflow since January, led by BlackRock’s IBIT, before strong payrolls revived Fed-hike expectations and cooled Friday’s risk appetite.
Eligible institutions can now trade deliverable spot Bitcoin and Ether through bank-style electronic channels, joining execution with custody while leaving retail and token breadth outside the launch.