CLARITY ACT'S FAILURE GAVE CRYPTO "FASTER" REGULATORY WINS

Summary from the TLDR Crypto newsletter

The Senate's September 15 failure to advance the Clarity Act actually benefited crypto, since the bill would have barred platforms from paying interest on stablecoin balances and would have made it easier for new rivals to compete with established exchanges. In the weeks since the failed vote, the SEC issued a five-year "innovation exemption" for tokenized US stock trading and clarified that announcing a token buyback does not by itself create an investment contract, while bitcoin rose almost 11% and ether about 12% over the following month.