Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet
Cryptocurrency markets rallied sharply on Thursday after the Senate Banking Committee delivered a major win for the industry by advancing the long-anticipated CLARITY Act. The market reaction was visible across the largest coins: Bitcoin (BTC) jumped to $81,899 at the time of writing, representing about a 2.7% gain, while XRP led among the top ten cryptocurrencies, surging above $1.50 with gains of more than 6%—a level not seen since March of this year. Even with the momentum, the bill is still not law, and it faces multiple political and procedural hurdles before it can be finalized.....
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Bitcoin (BTC) dropping below the $80,000 mark is starting to undo some of the optimism that followed a major step forward for the industry. After the Senate Banking Committee markup for the CLARITY Act on Thursday, the market’s gains have since faded. Now, fresh inflation data is arriving with a potentially heavier hand, and analysts say it could further cool sentiment that traders had hoped would carry into stronger price action. The concern is not limited to Bitcoin: the same macro pressure could spill into Ethereum (ETH) and Solana (SOL), where conditions often translate into sharper....
Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH). The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC). From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while....
After the CLARITY Act cleared key hurdles in the Senate—thanks to successful markup work by both the Agriculture and Banking Committees—the legislation is now entering a narrow stretch of time that could determine whether it reaches the President’s desk this year. Supporters say the bill’s momentum is real, but the path ahead is tight, both […]
The long-awaited CLARITY Act is moving closer to a final breakthrough, and senior administration officials say there is still a workable path to passage—potentially on a very specific date. Speaking at CoinDesk’s Consensus conference in Miami on Wednesday, Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, laid out a timeline […]