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Jordan Kerridge reports that U.S. President Donald Trump has called on the Senate to pass the Crypto CLARITY Act.
If enacted, the legislation would represent a significant move toward providing the crypto industry with a clearer regulatory framework in the U.S. Kerridge also notes that the debate in Washington is no longer about whether crypto will remain part of the financial system.
Kerridge previously noted that almost 47% of Bitcoin is currently held at an unrealized loss, a trend often observed in late bear market cycles, in a recent report on Bitcoin supply. Earlier, he reported Elon Musk’s public statement that he wants Bitcoin to succeed, reflecting the Tesla CEO’s ongoing interest in crypto according to Kerridge. The latest push for regulatory clarity comes as these industry developments continue to draw attention from major figures.