Quick Read

• Coinbase’s Brian Armstrong responded “Go time” after the SEC and CFTC pledged to write crypto rules independently following the Senate’s failed vote.

• JPMorgan warns agency crypto rules are far less durable than legislation since future administrations can reverse or courts can strike them down.

• XRP surged 30% while Bitcoin gained 18%, as Bitcoin’s bank custody path through the OCC, Fed, and FDIC never depended on this bill.

• Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)

The CLARITY Act needed 60 votes to advance in the Senate on Tuesday and got 50. A day later, the two regulators who’d been waiting on that bill…