This is badass!
The Clarity Act was rejected, but the SEC opened an even bigger door for Bitcoin?
Just last Wednesday, after Congress flat-out rejected Clarity, the SEC suddenly made a move and rolled out a five-year “innovation exemption,” allowing eligible platforms to truly move U.S. exchange-listed stocks like Apple and Nvidia onto the blockchain for trading—including dividends and voting rights.
In other words, whether the Clarity Act passes or not doesn’t matter. I’ll just treat it as if it passed—because the SEC says so!
Look at this—this is official, national-level backing, and the market has already answered immediately: Bitcoin is back above $80,000, rising more than 5% at one point during the day. Crypto-related stocks rebounded in sync. Add the recent positive developments from a U.S.-China meeting, and the trend immediately starts to reverse. Bitcoin then quickly tests the major double-top resistance again around $82,000.
What’s even more interesting is that before the SEC’s announcement, the always-stubborn JPMorgan quietly flipped its stance. It said: Bitcoin ETFs are currently still weighed down by a whole bunch of shorts and hedging positions. Once those positions ease and begin to unwind, Bitcoin’s upside momentum could even be more ferocious than gold.
So the situation right now is this:
Congressional legislation can’t get through for the time being, so the SEC and CFTC will push forward using their regulatory authority instead—and the end result is the same!
On top of that, Clairty will also review the decision again in a few months. By then, the crypto market will definitely catch another wave of heat—could we be talking about a 10,000-point surge?
The Clarity Act was rejected, but the SEC opened an even bigger door for Bitcoin?
Just last Wednesday, after Congress flat-out rejected Clarity, the SEC suddenly made a move and rolled out a five-year “innovation exemption,” allowing eligible platforms to truly move U.S. exchange-listed stocks like Apple and Nvidia onto the blockchain for trading—including dividends and voting rights.
In other words, whether the Clarity Act passes or not doesn’t matter. I’ll just treat it as if it passed—because the SEC says so!
Look at this—this is official, national-level backing, and the market has already answered immediately: Bitcoin is back above $80,000, rising more than 5% at one point during the day. Crypto-related stocks rebounded in sync. Add the recent positive developments from a U.S.-China meeting, and the trend immediately starts to reverse. Bitcoin then quickly tests the major double-top resistance again around $82,000.
What’s even more interesting is that before the SEC’s announcement, the always-stubborn JPMorgan quietly flipped its stance. It said: Bitcoin ETFs are currently still weighed down by a whole bunch of shorts and hedging positions. Once those positions ease and begin to unwind, Bitcoin’s upside momentum could even be more ferocious than gold.
So the situation right now is this:
Congressional legislation can’t get through for the time being, so the SEC and CFTC will push forward using their regulatory authority instead—and the end result is the same!
On top of that, Clairty will also review the decision again in a few months. By then, the crypto market will definitely catch another wave of heat—could we be talking about a 10,000-point surge?
