The US Senate has passed the Clarity Act, a landmark piece of legislation aimed at bringing regulatory clarity to digital assets. The bill divides oversight between the CFTC and the SEC, resolving a long-standing ambiguity that has weighed on the crypto industry. The move follows bipartisan support in the House and extensive negotiations with industry and banking leaders.
Bitcoin's price reacted immediately, pushing past $78,000. The S&P 500 also set a new record, signaling broader market confidence. While the news is seen as strongly positive, short-term price predictions remain cautious, with markets pricing only a 0.1% chance of Bitcoin reaching $94,000 in the immediate window. Longer-term sentiment is more optimistic, with a 4.5% probability assigned to Bitcoin hitting $200,000 by the end of 2026.
Investors are now watching for further regulatory announcements from the CFTC and SEC, as well as geopolitical developments and Federal Reserve interest rate decisions.