a16z: Will the CLARITY Act usher in a golden age of innovation in crypto compliance? | Bee Network
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Original author: Mary Liu, Cody Feng The US inflation data in May showed a milder sign than expected, bringing positive signals to risk assets. Specifically, the unseasonally adjusted consumer price index (CPI) recorded an annual rate of 2.4%, lower than the markets general expectation of 2.5%; the monthly rate was only 0.1%, also lower than the expected 0.2%. Core inflation data (excluding volatile food and energy prices) also showed a similar slowdown trend: the annual rate was 2.8%, lower than the expected 2.9%; and the seasonally adjusted core CPI monthly rate was only 0.1%, significantly lower than the market expectation of 0.3%. After the report was released, the crypto market showed a trend of rising first and then falling. Bitcoin once approached $110,000 during the day, Ethereum (ETH) rose 3%…# Analysis# crypto# defi# Exchange# Market# Meme Coin# Token# ToolPre
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- Original article by Miles Jennings, Head of Crypto Policy and General Counsel at a16z Original translation: Luffy, Foresight News The U.S. House of Representatives recently advanced an important ...