He noted the devastating effects of the October 10 event, describing it as a \u201cmassacre\u201d for crypto holders, many of whom lost their life savings without clear answers about who was ultimately responsible for the chaos.<\/p>\n
Rover is confident that with the implementation of the CLARITY Act, the cryptocurrency market could begin operating more like traditional financial markets (TradFi).\u00a0<\/p>\n
Institutional Investment Set To Surge\u00a0<\/h2>\n
Once the CLARITY Act passes in the Senate, Rover asserts that it will move to the floor for a full vote before returning to the House for final approval and eventually reaching President Trump\u2019s desk.\u00a0<\/p>\n
He further suggested that this entire process could take one to two months, potentially allowing the CLARITY Act to be signed into law by March 2026.<\/p>\n
Should this come to fruition, it is expected to open the floodgates for institutional investment in the crypto market, fundamentally changing the alleged \u201cdaily market manipulation\u201d witnessed in the sector.\u00a0<\/p>\n
<\/p>\n
At the time of writing, Bitcoin is trading at $90,357, having erased some of the gains seen at the beginning of the week when the market’s leading crypto surged towards a two-month high of $94,800.\u00a0<\/p>\n
Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The notorious crypto crash on October 10 of last year sent shockwaves through the market, resulting in the largest liquidation event in history with nearly $20 billion in losses. This catastrophic event ignited significant criticisms and fears among investors regarding the stability of the cryptocurrency market.\u00a0 However, the upcoming crypto market structure bill, known as…<\/p>\n","protected":false},"author":1,"featured_media":9324,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[22,28,29,200,33,36,2845,51,250,4331,53,254],"class_list":["post-9323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-ticker","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-breaking-news-ticker","tag-btc-news","tag-btcusdt","tag-clarity-act","tag-crypto","tag-crypto-market","tag-crypto-market-structure-bill","tag-crypto-news","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=9323"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9324"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}