Bitcoin Above $95K, US Lawmakers Delay CLARITY Act
Bitcoin surpassed $95,000 amid a market recovery, while US lawmakers are expected to delay the markup of the crucial CLARITY Act legislation.Summary
Cryptocurrency markets saw a broad recovery this week, with Bitcoin (BTC) rising over 5% to exceed $95,000 and Ether (ETH) gaining about 6.6%. US spot Bitcoin ETFs also experienced a strong rebound, logging $1.7 billion in net positive inflows over four consecutive days. Despite the price action, market focus remained on legislative uncertainty in Washington. Senator Cynthia Lummis indicated that the Senate Banking Committee is expected to delay the markup of the CLARITY Act, which aims to establish a market structure framework for digital assets. This delay followed concerns raised by Coinbase CEO Brian Armstrong regarding provisions on tokenized equities and decentralized finance in the draft. The article also briefly mentions unrelated news, including BitMine's $200 million investment in MrBeast's Beast Industries, Delphi Digital's prediction that perpetual DEXs will overtake expensive traditional finance by 2026, the launch of a crypto lending market by Trump-linked World Liberty Financial, and the trend of DeFi protocols moving away from public Discord servers due to scam risks.
(Source：Cointelegraph)