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Saxo strategist says Coinbase faces biggest hit after 49-50 CLARITY Act vote

  • The Senate rejected the CLARITY Act in a 49-50 vote.
  • The bill needed 60 votes to pass, according to the report.
  • Coinbase, Circle and Strategy shares fell 5% to 10% after voting.

Coinbase could face the largest impact from the Senate’s rejection of the CLARITY Act, Saxo Bank strategist Ruben Dalfovo said, because market-structure rules are directly tied to the company’s trading business. The bill failed in a 49-50 vote, below the 60 votes needed for passage. After the vote, shares of Coinbase, Circle and Strategy each declined between 5% and 10%, according to Cointelegraph.

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Saxo strategist says Coinbase faces biggest hit after 49-50 CLARITY Act vote - CoinPost Terminal