🧭 The U.S. House Financial Services Committee will hold a markup session on Tuesday (11/6) to review the CLARITY Bill, an important legal framework for the crypto market in the U.S.
📌 Key Point:
The new amendment focuses on protecting blockchain developers who do not control the system, helping them avoid being classified as 'money transmitters' – which means escaping many legal barriers and strict registration requirements.
This provision could facilitate decentralized, open-source projects to operate more legally in the future.
⏳ At the same time, in the Senate, the GENIUS Act – regulating the issuance and management of stablecoins – is also on track to be passed this week, according to Senate Majority Leader John Thune.
🤝 Is there enough bipartisan support to pass both bills?
While many hope the CLARITY Act will usher in a new era for the blockchain industry in the U.S., political consensus remains unclear:
🔴 Congresswoman Maxine Waters (Democrat – California), a senior member of the Financial Services Committee, has strongly opposed the bill:
“Not a single provision in CLARITY addresses the illegal activities I have mentioned. On the contrary, this bill only legalizes them.”
🟢 However, Congressman Ritchie Torres (Democrat – New York), one of the few crypto-friendly voices in the Democratic Party, is currently a co-sponsor for both the CLARITY and the Legal Certainty for Blockchain Act – an optimistic signal for achieving bipartisan consensus.
🎯 Impact on the market:
✅ Positive signals from the U.S. could be a significant psychological boost, helping to strengthen investor confidence in crypto as a long-term legalized industry.
🚀 $BTC reacted strongly last night, jumping from around $105,000 to nearly $110,500, indicating that the market is 'betting' on a more favorable legal framework.
📌 Personal Perspective:
If the CLARITY and GENIUS Acts are passed, the market could enter a period of sustainable accumulation, attracting both institutional capital and new project developers.
Investors should closely monitor developments in the U.S. House and Senate this week – any approval signals could be a new catalyst for the entire market.
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