The CLARITY Act failed its Senate cloture vote 49-50 — seven Democratic negotiators who spent months on the text voted against it, citing ethics provisions too thin to address Trump's $1.2B in crypto income. $XRP
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fell 10%, Coinbase dropped 9%, Circle lost 9%. Bitcoin fell under 3% — equities took the worse hit, as expected. ETFs shed $450M Tuesday, the worst outflow since June 25, with $570M in futures liquidated. Bitcoin's correlations have broken down: dollar link reversed from -0.54 to +0.08, S&P correlation halved to 0.43 in a single session. The Fed decides today at 2pm ET with 92.7% hike odds — Brookings' Robin Brooks: "There's no way Warsh can live up to all the hikes priced, so the press conference will likely disappoint."#CLARITYActFailsToPass $SOL
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