With policy winds pressing in, July's eye of the storm is locked on Washington.
This week (July 14-18), the U.S. Congress will stage the 'Crypto Showdown Moment', with the (GENIUS Act) setting rules for stablecoins, and the (CLARITY Act) defining the identity of tokens—these two swords of Damocles that have hung over the crypto world for three years are finally about to reveal the outcome!
Tang Seng's in-depth analysis:
The probability of the bill passing is less than 40%, but the market always speculates on expectations. The scenario from last October, where the anticipation of a Bitcoin spot ETF drove BTC to surge 20% in a week, may repeat itself. Especially if the (CLARITY Act) clearly states that tokens are not securities, it will directly benefit exchange platform tokens (refer to the case where XRP surged 70% in a single day after Ripple's victory in 2023). Currently, BTC is gaining momentum around the $60,000 mark, like a compressed spring—once regulatory negatives are exhausted, it will be super fuel.
Beware of black swans:
If the bill unexpectedly stalls, we must guard against a waterfall decline triggered by Mt. Gox repayments. However, I personally anticipate that the major players will use news to wash the market, just like the classic operation of dumping 15% before the Ethereum ETF approval in May; the script has long been written by the operators.
The key to winning this round of policy games lies in the 'exemption clauses' of the bill—do you want to preemptively invest in three possible compliant concept coins that could surge 200%? If you want to delve deep into the crypto world but can't find your footing, and want to quickly understand the information gap, click on my profile to follow me and gain access to first-hand information and in-depth analysis!#BTC突破12万大关 $BTC
