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The Clarity Act's failure to clear a procedural Senate vote is something Charles Schwab's Adam Lynch points to as a key culprit to crypto's rough week. Bitcoin and Ethereum initially took a step back while stocks like Coinbase (COIN) and Strategy (MSTR) sold off sharply. However, strong technical signals in Bitcoin offer bullish signals for the crypto space. He explains how price action, paired with still strong federal sentiment to build guardrails, offer a longer lifeline for cryptocurrencies.
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