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πŸ₯‡ Is Bitcoin Really a Safe Haven?

Bitcoin fell around 5% while gold dropped roughly 2% as macro pressure hit markets.

David Sencil says BTC still hasn’t earned true safe-haven status. Graham Stone argues a 5% pullback after a strong rally doesn’t disprove the thesis.

Digital gold or still a risk asset? πŸ‘€

▢️ Catch the full episode: https://youtu.be/ck8BF6ck5oc

🎧 Prefer audio? Listen to the full episode on Spotify: https://open.spotify.com/episode/0luDVUj2y6IycIYBhqOC2n?si=jhKOJy9sTge8c9sLLwqqHQ
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School's back in session, #BitcoinU style.

This week's assignment is live on X β€” head over and drop your answer: https://x.com/BitcoinCom/status/2099785307042271242?s=20
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πŸ’° River notes gold surpassed the U.S. dollar as the most widely-held central bank reserve asset in 2025, with Bitcoin less than 5% of gold's value.

"The smaller, harder, more portable asset has far more upside potential," River Financial.

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πŸŽ™οΈ Coinbase CEO Brian Armstrong: If Senators vote no on CLARITY, they're choosing to "let other countries lead in building the future of finance."

"Vote yes on the CLARITY Act to promote innovation... and create new law enforcement tools to combat illicit finance." πŸ—³οΈ

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πŸ‡ΊπŸ‡ΈπŸ“œ Senate fails to invoke cloture on the CLARITY Act (H.R. 3633), falling short of the 60 votes needed.

The bill is likely dead for 2026 with no realistic path to reconsideration until after the midterm elections.

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πŸ‡ΊπŸ‡Έ Sen. Lummis: "This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership."

"They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted," adds Lummis.

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πŸŽ™οΈ Circle CEO Jeremy Allaire offered perspective after the CLARITY Act's cloture vote fell short, drawing parallels to the GENIUS Act's path to passage.

"So and if you remember like the Genius Act it failed cloture vote too... then weeks later it passed," Allaire said on CNBC.

"We know there's like maybe one or two very important but small issues that people want to work on," Allaire added, suggesting the path forward remains open.

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πŸ“œ CFTC Chairman Mike Selig: "President Trump promised to deliver a future-proof crypto asset regulatory market structure one way or the other, and we will help him get the job done using our existing statutory authorities."

"The CFTC is locked in and ready to ship its rules for the new frontier of finance."

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πŸ‡ΊπŸ‡Έ Federal Reserve raises federal funds rate by 25bps to 3.75%-4% range in 12-0 unanimous vote.

FOMC says "inflation remains elevated" and today's action "will support a timelier return to the Committee's 2 percent goal."

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