Policy winds have shifted! With the passage of these three crypto bills, ETH may experience a 'roller coaster' market tonight!

Information:

Dear crypto friends, early this morning the U.S. House of Representatives threw a 'policy bomb' - the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act were all passed! Among them, the GENIUS Act is expected to be signed into effect by Trump as early as tomorrow, while the CLARITY Act and Anti-CBDC Act will enter Senate review. This operation directly threw a 'deep-water bomb' into the crypto market!

Policy Interpretation: Is it bullish or bearish?

GENIUS Act: Mainly targets digital asset tax optimization, simplifies compliance processes, a long-term positive for exchanges and holders, reducing regulatory uncertainty.

CLARITY Act: Clarifies the boundaries between security tokens and utility tokens, avoiding 'one-size-fits-all' regulation, a potential benefit for Ethereum and other public chain ecosystems.

Anti-CBDC Surveillance State Act: Limits the federal government from conducting large-scale surveillance through CBDCs, indirectly benefiting decentralized cryptocurrencies like ETH and BTC.

Zhuque's personal view: In the short term, the market may first 'buy the expectation', and ETH is likely to see a surge tonight, but be aware of the volatility that Senate review may bring. If the Senate passes it, in the mid to long term, the crypto market will usher in a clearer regulatory framework, and the inflow of funds may accelerate!

Case Review: How Policies Affect the Market?

In May 2024, after the SEC sued Binance and Coinbase, ETH briefly fell below $2800.

In June 2024, the SEC delayed its decision on the Ethereum ETF, causing a brief panic in the market, but it rebounded afterward.

Now, with three bills passed, the regulatory direction is becoming clearer, and market sentiment may reverse!

Trading Advice

Short-term traders: Pay attention to whether ETH can hold the support level of 3540 tonight; if it breaks through the previous high of 3624, it may be a good opportunity to buy with a light position.

If you want to know the mid to long-term trading advice, you can come to find Zhuque. Zhuque will guide you step by step.

Risk Warning: There are still variables in the Senate review, and if unexpected opposition arises, the market may experience a short-term correction!

If you want to make money, don’t be a lone warrior! Follow me, comment and let me know your thoughts, and let’s seize the lucrative opportunities in the bull market.