Following the US midterm elections, cryptocurrency regulation has returned to the center of debate in Washington as Democrats prepare to take control of both chambers of Congress. Fundstrat strategist Tom Lee believes changing political attitudes toward digital assets could benefit the market, although legislation would not automatically trigger a Bitcoin rally. The CLARITY Act, which seeks to establish a comprehensive regulatory framework, failed to advance in the Senate in September without the required 60 votes, but more than 200 organizations have urged senators to resume bipartisan negotiations. Clearer obligations for exchanges, custodians and investment products could attract institutional participation and facilitate Bitcoin adoption, whose maximum supply is capped at approximately 21 million coins.
Source: Read the original article
