Crypto Rebounds After Fed’s First Rate Hike Since 2023, Clarity Act Fails

The market's willingness to rally into both tighter policy and a legislative setback suggests positioning, not fundamentals, is driving the tape. The Clarity Act's failure leaves the U.S. digital-asset rulebook unresolved, which matters most for issuers and platforms that had banked on a clearer compliance path. Worth watching is whether this resilience outlasts the initial reaction, or whether the absence of a legislative catalyst reasserts itself once the rate decision is digested.