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GM. There’s chunky news floating in the crypto punch bowl this morning. Pour yourself a glass: 🍍 The CLARITY Act moves the market; 🚀 Smarter business payments; 🍋 Venezuela rumored holding $60B Bitcoin, the CFTC’s new committee dealing with blockchain and AI in finance + more |
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Feels like the market took a deep breath… then realized it’s still in the middle of the exam.
Here’s what went down:
US lawmakers dropped a long-awaited draft of a crypto market-structure bill – the CLARITY Act.
And for a market that’s spent years trading around lawsuits, threats, and vague promises, this feels… different.
It’s a real proposal, with real definitions, trying to answer the big question: what counts as a security, what counts as a commodity, and who gets to regulate it.
For traders, this was a bit of a relief. The result: Bitcoin went back above $92K, Ethereum’s near $3.1K, and prices are green.
… But why didn’t we run further? 🤔
Well, thing is: the bill isn’t law.
As the headlines kept coming, it became clear the draft still needs bipartisan support, committee votes, and time.
Some senators want more review, which likely pushes action later into January.
Plus, the draft includes language that could limit passive yield on stablecoins – meaning you wouldn’t earn interest just for holding them.
That pulled the brakes a bit. After the initial push, price action slowed, volumes cooled, and Bitcoin slipped into a tight range instead of breaking out.
Add this on top of all the macro uncertainty – inflation data, rate expectations, and general risk sentiment – and the vibe is… interesting.
But the CLARITY Act still gave the market a reason to lean bullish without going all in.
That’s why today feels the way it does. Not excited, not nervous, just focused.
Everyone’s waiting for the same thing now: does this bill move forward, or does it stall like so many before it?
We shall see 🤔
Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
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🥝 Memecoin harvest |
The memeland gain train feels unstoppable 🚂 |
Data as of 09:34 AM EST. |
Check out these memecoins and plenty more here. |
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