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The Clear Law is about to pass, and the market faces extreme volatility
Do you remember the insider news from Congress yesterday? Today, new intelligence from Washington has emerged 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 already preliminarily secured
· Strict amendments targeting the SEC have been adjusted in favor of 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 finally establish the rules of the game, clarify the status of most altcoins, and pull them out of the gray area. At present, 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 vulnerable positions, and hunt 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 today at Capitol Hill. Representatives from major funds have brought a full set of arguments, aiming to eliminate the last concerns regulators have about DeFi and stablecoins, ensuring final victory. Perhaps everything behind the scenes will be smoothly settled, but personally, I expect any minor media leak could trigger serious market manipulation.
This week is destined to be extremely volatile, and BTC is naturally preparing for sharp swings, both up and down.
Buckle up, let’s watch the show, and I wish everyone profits #加密市场下跌15万人爆仓 $BTC