U.S. and Crypto Development
• The Congressional "Crypto Week" focused on the CLARITY Act (SEC/CFTC oversight division), the GENIUS Act (stablecoin regulation), and the Anti-CBDC Act.
• Mixed progress: GENIUS approved in the Senate, but the House failed to advance key legislation.
• Crypto markets showed resilience despite regulatory uncertainty.
• Cryptocurrency-linked stocks experienced declines.
Implications for Trading
• Short-term volatility is expected as the Senate reviews legislation.
• The new framework for stablecoins could affect arbitrage opportunities.
• Consider entry points during declines driven by legislative uncertainty.
• The exceptions for DeFi in the CLARITY Act could benefit specific protocols.
