Let’s talk about the news today: Trump has agreed to the ethical provisions of the “CLARITY Act.”

First of all, this news is definitely a major positive for the crypto market. Over the past few years, the biggest constraint in the crypto market hasn’t been technology—it’s been uncertain regulation. The SEC can effectively take a project off the exchange with a single sentence, so institutional capital doesn’t dare to enter on a large scale.

The significance of the “CLARITY Act” is that it sets clear rules for the crypto industry, allowing capital to see the direction where it can “enter in compliance in the future.” In the short term, the market will definitely hype up expectations for a move. In the long run, what it impacts is the overall industry landscape.

The Senate also still needs to complete the vote before the first week of August. After that, it must return for review by the House Committee on China’s affairs—then it can be submitted to the President. So before the bill is officially enacted, be careful: once expectations have been pumped and the market spikes, it could also rally up and then come back down from the highs.

If the U.S. really completes the crypto regulatory framework, then the capital inflow for the next bull market cycle could be even larger than the last one.

Nan Nan’s personal view: consider going long on a pullback. If $ETH pulls back to around 1920-1930, you can chase a small position; defend at 1900. If $BTC pulls back to around 65800, you can chase a small position as well.
#GUSD年化升至3.8% #ETH突破1900美元 #夏日创作营