The U.S. Congress failed to pass the Digital Asset Market Clarity Act, with the Senate failing to secure the 60 votes needed to advance the bill. This legislation aimed to establish a clear regulatory framework for digital assets by dividing oversight responsibilities between the SEC and the CFTC. Its failure leaves the cryptocurrency industry exposed to fluctuating interpretations and enforcement actions from regulators. This regulatory uncertainty is impacting the market, with participants adopting a more cautious stance and assigning only a 1% probability to bitcoin reaching $200,000 by the end of 2026.
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