The US Congress is taking a close look at the Crypto Clarity Act in the run-up to summer recess. The proposed law is all about giving federal protection to the many americans who own digital assets – and it’s got a pretty interesting backing. Big names like Donald Trump and Lindsey Graham have both come out in support of the bill. They reckon its a big opportunity for the US to get ahead of China and the rest of the world in terms of crypto tech.
You’ll also find that some big financial players like BlackRock and Goldman Sachs see the benefits of tokenisation and developing the crypto market in countries like Britain & Japan. As for what this could mean for some of the bigger digital currencies, a lot of analysts think the bill could give Ethereum and Solana a bit of a boost.
Now, the argument from Bill Miller, a financial analyst, is that with our own national debt getting out of control the US should look into using cryptos as a long-term hedge against inflation. As for predictions, many are thinking that if Bitcoin does form a triple bottom on the market, it’ll finally start heading back up and maybe even reach $70,000.
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