Two pokes above $86K in one day.
$BTC touched $86,450 twice on Tuesday, both rallies riding the same fuel out of Washington. The CFTC pushed its proposed crypto regulations forward, and the SEC followed with a 760-page custody proposal that would let registered advisers and funds hold crypto keys directly.
Read the fine print. "Self-custody" here means the adviser's hands on the keys, not yours. Institutional clarity, not your sovereignty.
That is the tell on who this market is for now. The CLARITY Act stalled in the Senate on September 15, so the agencies are writing the rulebook themselves. And $1.72T of market cap is bidding on their paperwork instead of fighting it.
Three years ago every SEC headline was a threat. Today the price chases the comment period. Sixty days of comments decide who gets to custody what for the next decade.
$BTC $ETH
$BTC touched $86,450 twice on Tuesday, both rallies riding the same fuel out of Washington. The CFTC pushed its proposed crypto regulations forward, and the SEC followed with a 760-page custody proposal that would let registered advisers and funds hold crypto keys directly.
Read the fine print. "Self-custody" here means the adviser's hands on the keys, not yours. Institutional clarity, not your sovereignty.
That is the tell on who this market is for now. The CLARITY Act stalled in the Senate on September 15, so the agencies are writing the rulebook themselves. And $1.72T of market cap is bidding on their paperwork instead of fighting it.
Three years ago every SEC headline was a threat. Today the price chases the comment period. Sixty days of comments decide who gets to custody what for the next decade.
$BTC $ETH
