Clarity Act defeat weighs on crypto ahead of FOMC
The Clarity Act failed a Senate vote on Tuesday, keeping crypto sentiment tethered to the regulatory setback. Easing in bond yields and lower crude oil prices on Wednesday did not fully support sentiment ahead of the FOMC.
WASHINGTON (dpa-AFX) - Crypto market sentiment remained closely tied to the regulatory setback after the Clarity Act failed the Senate vote on Tuesday. A decline in crude oil prices and easing bond yields that supported sentiment in major financial markets on Wednesday were not enough to offset the impact.