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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid intensifying legislative efforts to regulate the digital asset sector, Alex Thorn, Head of Research at Galaxy Digital, has assigned a 70% probability to the CLARITY Act passing into law. Thorn stated that the bill could put Bitcoin on a path to new all-time highs if signed by President Trump. According to reports, Congress has approximately nine weeks of session time remaining before the August recess to finalize the bill and send it to the President's desk.
This legislative optimism coincides with robust performance in Bitcoin ETFs, with BlackRock and Fidelity's spot funds recording net inflows exceeding $15 billion year-to-date, according to Bloomberg data. Analysts compare this momentum to the first quarter, when partial regulatory clarity helped push the cryptocurrency past $73,000. Per market experts at Standard Chartered, a stable federal legal framework remains the primary catalyst for attracting massive institutional liquidity.
Bitcoin is currently trading at cautious levels as traders monitor congressional progress over the coming weeks as a key volatility catalyst. Looking at the economic calendar, the market is awaiting upcoming US inflation data, which could impact risk appetite across digital assets. The psychological resistance at previous all-time highs remains the primary target for investors should positive news regarding the CLARITY Act materialize.