CFTC Chair Michael Selig just threatened to write crypto rules himself if Congress doesn't pass the Clarity Act.
The bill is stalled in the Senate. Selig told crypto executives he’s already directed staff to explore digital asset market structure rules and will formally propose them if Congress doesn't act.
Our take: The market is pricing in regulatory clarity, but the source matters. Agency rules are easily undone by the next administration—a weaker foundation than legislation. Today's alt pump, including $ZEC, reacts to the *idea* of clarity, not its permanence.
$ZEC's daily RSI hit 87, pushing past its 7-day high of 750.00. This looks like a headline relief rally, not a structural shift. The bounce fails if it can't hold 750.00.
Is this pump durable, or just exit liquidity for earlier dip buyers?
$ZEC $BTC
The bill is stalled in the Senate. Selig told crypto executives he’s already directed staff to explore digital asset market structure rules and will formally propose them if Congress doesn't act.
Our take: The market is pricing in regulatory clarity, but the source matters. Agency rules are easily undone by the next administration—a weaker foundation than legislation. Today's alt pump, including $ZEC, reacts to the *idea* of clarity, not its permanence.
$ZEC's daily RSI hit 87, pushing past its 7-day high of 750.00. This looks like a headline relief rally, not a structural shift. The bounce fails if it can't hold 750.00.
Is this pump durable, or just exit liquidity for earlier dip buyers?
$ZEC $BTC
