The U.S. Senate Banking Committee just passed the Clarity Act, and the next step is a vote in both the House and Senate.


The White House aims to get it done before July 4th.
I see two positive implications of this bill:
1. It makes big money more comfortable entering the crypto space.
2. It has been legislated, so crypto industry practitioners don't have to worry about others settling scores after Trump is out of office.
Its impact is comparable to the approval of a Bitcoin spot ETF.
Trying to predict the future, let's review the Bitcoin price chart around January 10, 2024, when it was approved.
The previous two months saw a 30% slight increase, and after approval, the positive momentum exhausted, followed by a correction and sideways trading for a month, then a new upward trend began.
J.P. Morgan's target price is $17,000.
ACT0.78%
4-4.13%
TRUMP0.63%
BTC2.44%
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