Garlinghouse Reveals What’s Next After XRP Price Reacts Following CLARITY Act Rejection

XRP fell below a key support level, signaling more uncertainty after the CLARITY bill failed to advance. Garlinghouse commented on the matter.

• The CLARITY Act, a proposed digital asset legislation, failed to pass the US Senate, causing XRP and other cryptocurrencies to drop significantly.
• Ripple CEO Brad Garlinghouse expressed disappointment but stated that the digital asset market can still grow without the bill, with the SEC and CFTC expected to continue formulating rules.
• Despite the legislative setback, Garlinghouse believes the failure will not impact XRP's momentum, international expansion, or investor demand, though market uncertainty has increased.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s

Tags: #xrp #clarityact #bradgarlinghouse #ripple #sec #cftc #digitalassets #regulation #priceaction #marketuncertainty

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‘Sell America’ Debate Re-Emerges as US Policies Sow Doubts

Global bond and currency investors are debating if it’s time to dust off last year’s ‘Sell America’ trade after economic-policy decisions out of Washington. The 30-year Treasury yield has risen above 5% to its highest since 2007, and the dollar has weakened against almost every Group-of-10 currency over the past one month. Some investors warn the Fed risks losing its grip on the debt market without a clearer inflation strategy, while any direct US effort to support the yen weakens the dollar.

• Global investors are reconsidering the 'Sell America' trade due to recent US economic policy decisions, leading to rising Treasury yields and a weakening dollar.
• Concerns about the Federal Reserve's inflation strategy and US intervention to support the yen are creating policy uncertainty and impacting capital flows into the US.
• Despite some resilience in US stocks, the article highlights growing doubts about the dollar's dominance and Treasuries' status as a safe-haven asset, with potential for further dollar depreciation.

Topics: Jurisdictions, Market cycles macro sensitivity, Public debt, Established hubs, Interest rate sensitivity, Tokenized us treasuries, Global sovereign bond tokenization, Impact monetary policy

Tags: #sellamericatrade #uspolicy #treasuryyield #dollarweakness #federalreserve #inflationstrategy #yenintervention #fiscalconcerns #marketuncertainty #foreigninvestors

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