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The Clear Law is about to pass, and the market is facing extreme volatility!
Do you still remember the insider news from Congress yesterday? Today, new intelligence has emerged from Washington that the Cryptocurrency Market Transparency Act (also known as the "Clear Law") may be officially passed within the next few days.
House vote expected on Wednesday
Senate support, preliminarily locked in
Strict amendments targeting the SEC have been adjusted to favor the crypto community
It’s clear that this news is not only important but historic. The passage of the "Clear Law" is a fundamentally significant event for the entire digital asset economy. It will ultimately establish the rules of the game, clarify the status of most altcoins, and bring them out of the gray area. Currently, it looks like regulators are finally ready to give the industry a green light. But before the final stamp, we will face absolute bloodshed on the charts. Large funds will aggressively shake out weak hands, clear out weak positions, and hunt for stop-loss points in both directions. The market is psychologically unprepared for such magnitude of volatility.
Meanwhile, lobbying teams from crypto exchanges and tech giants are holding their final closed-door meetings in Congress today. Representatives from major funds have brought a full set of arguments, aiming to eliminate the last concerns from regulators regarding DeFi and stablecoins, ensuring final victory. Perhaps everything behind the scenes will be smoothly settled, but personally, I expect any minor media leak to trigger serious market manipulation.
This week is destined to be extremely volatile, and BTC is naturally preparing for both upward and downward spikes, with explosive moves in both directions.
Manage your positions well, fasten your seatbelt, and I wish everyone profits!