00:00It's Benzinga bringing Wall Street to Main Street
00:02Strategy shares fell Wednesday as Bitcoin and other crypto-linked assets sold off after the
00:07Senate blocked the Clarity Act from reaching the floor, according to Benzinga. 41 senators voted
00:11against the procedural motion, leaving the bill short of the 60 votes needed to begin debate.
00:16Four Republicans joined Democrats in opposition. Investors used strategy as a leveraged proxy for
00:21Bitcoin because of its large Bitcoin holdings, making the stock volatile. Congressional delays
00:25in establishing clear market structure rules could keep institutional investment on hold and
00:30weigh on the crypto sector. Shares fell 2.58% to $126.25, according to Benzinga Pro.
00:36For all things money, visit Benzinga.com.
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