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The rule expansion and the intense stand-off that lasted for months have finally come to an end, with all parties reaching a key compromise consensus.
After the long-drawn-out core dispute was successfully resolved, it directly removed the biggest obstacle to top-level legislation for the U.S. crypto market.
As the core programmatic blueprint for standardized regulatory legislation in the U.S. crypto market, the "CLARITY Act"—which had previously stalled for a long time and had repeatedly been stuck in multiple deliberations—suddenly gained substantial momentum. The legislative process that had been hanging in the balance has officially hit the fast-forward button, and the subsequent Senate review and amendment process will also be smoothly accelerated.
On the day the favorable news landed, the crypto market responded immediately and intuitively. Bitcoin’s price surged quickly in response, breaking through the $78000 integer level in one move, as it pressed along toward the key $80000 resistance level.
The market has continued its strong rebound from the midweek low of $75500. The industry is using real funds flowing into the market to reprice the regulatory uncertainty risk that has been troubling it for a long time.
Market sentiment also shifted noticeably in parallel, with forecasts that the market Po