The U.S. Senate Banking Committee just passed the Clarity Act, and the next step is for both the House and Senate to vote.


The White House aims to get it done before July 4th.
I see two positive implications of this bill:
1. Making it more reassuring for big money to enter the crypto space.
2. Legislation provides security for crypto industry practitioners, so they don't have to worry about others settling scores after Trump is out of office.
Its impact is comparable to the approval of a Bitcoin spot ETF.
Trying to predict the future, let's review the Bitcoin price chart around January 10, 2024, when it was approved.
In the two months prior, it rose by 30%.
After approval, the positive momentum exhausted, followed by a correction and sideways trading for a month, then a new upward trend began.
JPMorgan's target price is $170,000.
ACT-1.57%
4-7.12%
TRUMP-1.72%
BTC0.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned