The flows and dynamics of Bitcoin are heating up. After the breakout, the price entered the overbought zone. Glassnode notes a significant decrease in the ratio between the supply held by long-term and short-term holders, which is a sign of profit-taking and a shift from accumulation to distribution.
Today, U.S. President Trump wished for a "happy crypto week" and urged Congress to support the digital asset legislation.
As part of Crypto Week, the House of Representatives will consider two key bills for the crypto market — GENIUS and CLARITY, which could determine the future of the crypto industry in the country. GENIUS tightens the requirements for backing stablecoins and introduces audits for large issuers, while Clarity establishes clear rules for the entire crypto market for the first time.
Both documents have sparked heated debates: Republicans insist on innovation, while Democrats focus on the risks of corruption and insufficient consumer protection. If Trump signs GENIUS, it will be a landmark step towards the legalization of digital assets in the U.S. Voting on CLARITY is expected on Wednesday, and on GENIUS — on Thursday.
Today, U.S. President Trump wished for a "happy crypto week" and urged Congress to support the digital asset legislation.
As part of Crypto Week, the House of Representatives will consider two key bills for the crypto market — GENIUS and CLARITY, which could determine the future of the crypto industry in the country. GENIUS tightens the requirements for backing stablecoins and introduces audits for large issuers, while Clarity establishes clear rules for the entire crypto market for the first time.
Both documents have sparked heated debates: Republicans insist on innovation, while Democrats focus on the risks of corruption and insufficient consumer protection. If Trump signs GENIUS, it will be a landmark step towards the legalization of digital assets in the U.S. Voting on CLARITY is expected on Wednesday, and on GENIUS — on Thursday.
