🔥 Breaking: Democrats Sweep Congress, Clarity Act Reportedly Declared Dead
A new analysis by TD Cowen says that with Democrats sweeping congressional seats in the U.S., the chances of passing the crypto regulation bill Clarity Act—which the industry had pinned high hopes on—have fallen to virtually zero. If the bill, which seeks to clarify the boundaries between the CFTC’s and SEC’s jurisdictions, fails to get off the ground, the period of regulatory uncertainty will be prolonged.
“Disillusionment with regulatory tailwinds doesn’t mean the bull market is over; it just puts the ball back in the enforcement agencies’ court.”
Although BTC is currently holding at $80,367 and the Fear Index remains relatively low at 34, a funding rate of +0.0087% suggests the market isn’t seeing panic selling. The regulatory moat that retail investors had hoped for may have crumbled, but institutional investors care more about policy continuity than any single bill.
(The above is solely my personal observation and is not investment advice.)
If the Clarity Act is officially shelved, do you think BTC will face a pullback or keep going its own way?
Cheese King posts updates every day to help you keep an eye on whale activity 🧀
#markets #cryptonews #altcoin #trading
A new analysis by TD Cowen says that with Democrats sweeping congressional seats in the U.S., the chances of passing the crypto regulation bill Clarity Act—which the industry had pinned high hopes on—have fallen to virtually zero. If the bill, which seeks to clarify the boundaries between the CFTC’s and SEC’s jurisdictions, fails to get off the ground, the period of regulatory uncertainty will be prolonged.
“Disillusionment with regulatory tailwinds doesn’t mean the bull market is over; it just puts the ball back in the enforcement agencies’ court.”
Although BTC is currently holding at $80,367 and the Fear Index remains relatively low at 34, a funding rate of +0.0087% suggests the market isn’t seeing panic selling. The regulatory moat that retail investors had hoped for may have crumbled, but institutional investors care more about policy continuity than any single bill.
(The above is solely my personal observation and is not investment advice.)
If the Clarity Act is officially shelved, do you think BTC will face a pullback or keep going its own way?
Cheese King posts updates every day to help you keep an eye on whale activity 🧀
#markets #cryptonews #altcoin #trading