How the Clarity Act’s Defeat Handed the SEC and CFTC the Wheel on Crypto

The Clarity Act failed to advance in the Senate, shifting the industry’s focus to a new wave of action from the SEC and CFTC.
Source: decrypt.co

The Clarity Act failed to advance in the Senate, shifting the industry’s focus to a new wave of action from the SEC and CFTC.
Source: decrypt.co
Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7 million to buying Bitcoin, $151.8 million to repurchasing 1,557,177 STRC shares, $50.7 million to STRC dividends, and…