After a very green start of the “Crypto Week”, cryptocurrencies fall to 4.3% led by Solana.
After Bitcoin (BTC) Cross the level of US $122,000 for the first time on Mondayand marked a milestone for the largest cryptodivisis in the world, cryptocurrencies fall on this day in an expected profit signal while Investors bet on the long -awaited political victories for the industry this week.
Thus, BTC It falls 3% and operates at US $ 117,000 after reaching a new historical maximum on Monday by exceeding the US $ 122,000 strip, according to Binance. In this context, the Altcoins also fall up to 4.3% headed by Solariumfollowed by Ripple with 3.7%.
The industry awaits the debate of crypto laws in the US
Jeff Mei, director of operations of the BTSE cryptocurrency platform, attributes the recent Bitcoin rebound to sustained institutional capital with a long -term vision. As stated to CNBC, It does not rule out that the price reaches US $ 125,000 in one or two months. However, he warns that the commercial tensions promoted by President Donald Trump – particularly with the European Union, Mexico and other strategic partners – could cause corrections in the short term, although it estimates that these risks are already contemplated by the great players of the market.
The US begins the “crypt week” with key projects in Congress
The market also closely follows advances in the United States Congress, where Monday The discussion of three bills that could establish a more defined regulatory framework for digital assets begins. The initiatives, which have the support of President Trump, seek to consolidate a clearer and most favorable legal environment for the industry.
Stephen Innes, director of Spi Asset Management, describes the weather in Washington as “optimistic” for the crypto sector: “The legislative agenda has been loaded with projects pro-described under the motto of the ‘crypto week’. It is the trigger that the industry has been waiting for months to leave behind the regulatory uncertainty.”
The main initiative is the Clarity Lawwhich proposes to transfer the supervision of cryptocurrencies from the SEC to the CFTC and gradually eliminate the so -called Howey Test. The objective is to provide a more flexible frame for mature blockchains. Its defenders ensure that this will promote innovation; Its detractors, on the other hand, see it as a back door for tokens that would not comply with the current regulations.
The Genius lawon the other hand, it aims to regulate the stablecoins more accurately. It requires support in liquid reserves, sets criteria for the emitters and submits them to the standards of the Bank Secret Law.
Finally, the Anti-CBDC Surveillance State Act It seeks to block the development of a digital dollar by the Federal Reserve, invoking concerns about privacy and state control. It is a proposal that generates divisions both in Congress and in public opinion.
“Together, the message is clear: cryptocurrencies are again in the center of the political debate in Washington, no longer as a threat, but as an asset class that could deserve a regulatory treatment of institutional level. If this translates into concrete legislation or is diluted in the process, it will depend on the ability of Congress to overcome procedural obstacles,” said INNES.
Source: Ambito
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