The US Senate just totally flopped trying to push the Digital Asset Market CLARITY Act forward on Tuesday 📉 needing a solid 60 votes to make it happen but coming up short fr.

Garlinghouse Calls the Vote a Missed Opportunity 🖤

Ripple CEO Brad Garlinghouse says the whole setback totally stings rn but it ain’t shifting what his crew is grinding on at all. Writing on X shortly after everything went down he dropped this take. His team poured it all out trying to get that CLARITY Act over the line and he framed it as this big fight that stretched way past just Ripple 😈. Consumers and American edge in digital finance ended up taking the hit and he hinted a full review on the mess is incoming. In his eyes Democratic politics won out over solid policy this time. Still he didn’t paint the failed vote as some final dead end for US crypto vibes. Garlinghouse expects the SEC and CFTC to keep pushing their own rules to patch the gap Congress left behind. Ripple will stay right in that mix too ✨. His words hit different when he noted Ripple’s business has never been stronger with fresh demand pouring in from traditional finance and digital assets alike. A Washington miss changes nothing about the momentum our global reach or our customers.

XRP Stays Strong On Legal Ground 🌙

The firm’s Chief Legal Officer Stuart Alderoty jumped in with his own post right after. Ripple and XRP stand on settled ground he stressed while pointing to that key 2023 court win where XRP got ruled out as a security. Plus the March joint move from SEC and CFTC tagging XRP as a digital commodity. He expects the agencies to keep sharpening those rules ahead 💀. Industry reactions split hard on this one. CryptoLaw saw it as a pivot not a finish agreeing the rule push shifts to those agencies now. Yet analyst ChartNerd stayed cautious noting that agency moves beat total uncertainty but they fall short of real laws since rules can flip anytime 🕸️.

CLARITY Act Aimed To Split Oversight ✨

Tuesday’s vote wasn’t even about passing the full CLARITY Act outright. It served as just one procedural step to edge the bill closer to a final showdown. Its flop means the debate drags on instead of wrapping up. The bill planned to divide digital asset oversight between the CFTC and SEC while adding this fresh idea of ancillary assets where network tokens tied to company efforts still count as commodities with their own disclosure rules. It also zeroed in on DeFi platforms that look decentralized on paper but stay run by real people forcing them into CFTC registration for spot trading. Exchanges brokers and dealers the spots most folks actually use for crypto buys and sells would hit a whole new federal registration setup too 🦇.

---

Just another echo from the void by iconofsin.eth 💖

---

---

Press release dropping from london united kingdom on september 16th 2026. New moves pushing basis into real world assets plus ai native setups while auto restaking rewards for btc eth sol and paxg holders fr.

Yield Vibes Mixing With Real World Finance Stuff 🖤

Basis and xdc network just announced a fresh partnership hunting chances where crypto yield meets rw as and the on chain economy. Xdc network runs as an evm compatible layer 1 for payments trade finance and tokenized assets.

By blending our market neutral yield with their high speed enterprise chain we are checking how disciplined staking can tie into real world money flows from tokenized goods to trade deals.

Zk Ai Squad Joining Our Yield Setup ✨

Basis linked up with zypher dao an ai and zero knowledge powered web4 scene building smart blockchain infra. This mix brings their verifiable ai skills together with our neutral yield tools exploring intelligent finance and on chain asset plays.

Auto Earn Starts Restaking Rewards Auto 🌑

Basis dropped auto earn letting it restake unclaimed staking rewards into your spot every monday at 00 00 utc. It only grabs accrued rewards without new positions or lock resets. The thing runs by default but toggle it in settings anytime check docs at docs.basis.pro/economics-and-rewards/auto-earn.

About Our Platform Basis 💀

Basis serves as the institutional crypto yield spot for btc eth sol and paxg where you stake on basis.pro with dynamic rates. All market neutral strategies cut exposure and hold capital safe with built in controls. Run by basis digital infrastructure ltd under iso certs with research from base58 labs.

Facts On Xdc Network 🌙

Xdc network powers payments trade finance and rw as as an evm layer 1.

All About Zypher Network 🦇

Zypher network builds ai native infra and digital economies with zk tech.

---

Just another echo from the void by iconofsin.eth 💖

---

---

Tuesday was kinda massive for the crypto scene fr, as the US Senate was set to vote on that key market structure bill called the CLARITY Act but it totally flopped for everyone pushing it. The Senate shot down cloture on moving the bill forward after all, and the tally missed the 60 votes needed big time. BTC dropped right away in price 💀 but there is way more happening here.

Short Term Holders Dump Hard 📉

CryptoQuant analyst Darkfost noted Bitcoin short term holders sent over 23,000 BTC straight to exchanges while underwater after the Senate miss. In USD that pile was close to $1.8 billion and it marked the biggest capitulation move in roughly a month 🖤. STHs tend to freak out faster on wild swings so their moves flag fear zones pretty well, CQ pointed out. The September 15 reaction stands out since this group actually sat in some profit for almost a month before the drop, the longest stretch all year. The CLARITY setback crushed their freshly built confidence fast tho. Still these deposits only hint at possible pressure later, not every single coin sold for sure.

Traders Priced It In Early 😭

Santiment data showed the market started shifting even before the final vote dropped. Just a day prior BTC spiked above $79,500 yet selling ramped up as whispers grew that the bill lacked enough support despite tweaks. On September 15 the coin had already slid to $76,000. Santiment highlighted traders were already repricing the odds of passage before the official fail, and social buzz went wild after. Chatter around the bill exploded way louder than back in May when it cleared the Banking Committee. The crew noted this proves how violently traders react once a bullish catalyst vanishes suddenly 🔮. Yesterday stung hard but the bill lives on in theory since this only delays things instead of killing it outright and another shot could still happen. The pain hit instantly tho while all eyes in crypto now pivot to the Fed and that FOMC meeting today 🦇.

---

Just another echo from the void by iconofsin.eth 💖

---

---

The crypto market got slammed hard after that CLARITY Act flop rn, sending tons of assets straight into the red zone. 🖤

PI Tanks Even Harder Today 🦇

As the latest updates hit, the US Senate couldn’t push that big bill forward cuz it missed the 60 votes needed. Even tho it was kinda expected, it sparked a full market dip with Bitcoin sliding to 75,000 and Ethereum dropping under 2,400 after losing 3% in a day. These moves feel rough but nothing compared to PI’s total meltdown. It’s the sole top 100 token showing a double digit drop today on September 16 and now sits around 0.083 per the charts, its lowest point since early August. 😈
PI’s total market value crashed below that 1 billion mark and hangs at about 940 million, ranking it the 76th biggest asset overall. This drop hits even with fresh network moves. The BSCN crew on X spilled that the core team kicked off protocol upgrade v27 via Testnet2, aiming to switch over to mainnet by week’s end. ✨

“Among other things, this protocol transition upgrades Pi Node Docker to V27.1.0 and aims to ensure the stability of the network’s infrastructure and prepare for future developments such as integration with Pi Dex. This protocol transition represents a major step toward decentralizing the network,” the post reads.

Pi Network’s main X page still hasn’t backed the upgrade tho.

Could A Bounce Hit Soon? 💀

Things look pretty dark for PI at first glance yet some analysts spot a possible turnaround path. Crypto With Gopal on X called out a double bottom forming with price clinging to the 0.075 to 0.085 support area and showing higher lows lately. 👀

“A clean reclaim above 0.10 could confirm bullish momentum and open the path toward the 0.14 target. Bulls are slowly regaining control after the prolonged downtrend,” he maintained.

PI’s RSI backs this vibe too since it dipped into oversold territory at 23, hinting at an incoming recovery move. The scale goes from 0 to 100 and anything past 70 usually flags a correction ahead. 📉

Bulls might be creeping back in control fr while the token claws out of this rut. 🚀 Lmao the oversold levels got me watching close. 😏

---

Just another echo from the void by iconofsin.eth 💖

---

---