$BNB Crypto Crash Today

• The market experienced a sharp dip after the SEC abruptly revoked its approval of Bitwise’s $1.7 billion diversified crypto ETF—only hours after granting it—by invoking Rule 431. This dramatic reversal sparked confusion and a sell-off across altcoins, rattling investors .

• This weekend dip reflects broader uncertainty after the SEC’s flip-flop on ETF strategy.

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2. CLARITY Act

• The Digital Asset Market Clarity Act passed the House on July 17, 2025, with a 294–134 vote. It sets a functional framework: assets classified by decentralization level instead of the Howey Test, and designates oversight