The US CLARITY Act faces uncertainty due to political ethics, while prediction markets reach new highs. Bitcoin is also eyeing a new $80,000 price target. This digest summarizes key crypto news for the week.
The proposed CLARITY Act, which aims to provide clear rules for crypto assets in the United States, faces an uncertain path forward. Its approval reportedly depends on concerns around former President Donald Trump's ethical standards. Many in the crypto community hope for clearer regulations, but political issues may delay progress. In other market news, prediction markets, where people bet on future events using crypto, have seen their trading volumes reach new record highs. Additionally, Bitcoin is showing strong momentum, with analysts now setting a new price target of $80,000 for the leading cryptocurrency.
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