Alan Lau
Alan Lau
BTC-4.62%
PENGU+0.81%
Crypto has been pumping in anticipation of #CryptoWeek in the US! 🚹 Three major bills are up for review: CLARITY Act, GENIUS Act, & Anti-CBDC Surveillance State Act. Here’s what they mean for crypto. đŸ§”đŸ‘‡ #CryptoWeek #Bitcoin #Stablecoins
📜 CLARITY Act: Aims to define digital assets as securities or commodities, giving CFTC more oversight. Could reduce SEC disputes & clarify rules for crypto platforms, boosting market confidence. Expect easier token trading if passed. #CryptoRegulation
đŸ’”GENIUS Act: Sets federal rules for stablecoins, requiring 1:1 USD backing & strict issuer guidelines. Already Senate-approved, it’s likely to pass. Could drive stablecoin adoption, with Polymarket betting 92% chance of success. #Stablecoins
đŸš« Anti-CBDC Act: Bans central bank digital currencies, citing privacy concerns. Favored by conservatives, it may limit Fed’s digital dollar plans but reinforce private crypto innovation. Mixed Dem support could spark debate. #CBDC
📈 Market Impact: Bitcoin hit $118K+ as Crypto Week nears, with ETFs seeing $1.2B inflows. Clear regulations could attract institutional & retail investors, potentially pushing BTC to $130K-$135K. But volatility risks remain, warns Citi. #BitcoinPrice
⚖ What’s Next?: Votes start July 15, with GENIUS Act possibly signed by week’s end. Price momentum has been strong across the board, with @pudgypenguins @Moca_Network $PENGU $MOCA doing well among many tokens. But will it be a rally upon signing, or short-term peak for crypto? Let's see.
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