US Treasury Plans New Crypto Rules After CLARITY Act Setback

Crypto Insight Summary: The US government isn’t waiting for Congress to settle the debate over cryptocurrency regulation. Speaking at Ripple’s Swell conference in New York on October 27, Treasury Secretary Scott Bessent outlined how federal regulators could move forward after the CLARITY Act failed to advance in the Senate. His proposal involves closer cooperation between the Treasury Department, […] Crypto Insight Analysis: Direction: Bearish Crypto Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Increased regulatory scrutiny may dampen market sentiment.