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▲ Bitcoin (BTC)/AI generated image
As the US cryptocurrency market structure bill officially enters the Senate process, a prospect has been raised that it could become an institutional catalyst, opening the next bull market for Bitcoin and major altcoins.
Cryptocurrency specialized YouTube channel Altcoin Daily reported in a video released on May 14 (local time) that the US cryptocurrency market structure bill (Clarity Act) is awaiting a markup vote in the Senate Banking Committee and has been refined into a bipartisan bill after more than 100 amendments and 9 major changes. The host emphasized the possibility of a structural shift in the cryptocurrency market, stating, “If the bill passes, we will look back at that point as the market bottom in the future.”
Coinbase CEO Brian Armstrong stated in a Fox Business interview that a compromise has been reached regarding Bitcoin (BTC) and the cryptocurrency market structure bill. Regarding the stablecoin reward issue, Armstrong said, “The banking sector and the Senate did not want rewards to be paid on idle balances, and a compromise was reached to allow rewards for accounts with actual activity such as payments or transactions.” He also evaluated that issues related to DeFi, tokenized stocks, and the Commodity Futures Trading Commission (CFTC) authority have been improved, stating, “The bill is stronger than ever.”
The video indicated that while Democratic lawmakers submitted over 100 amendments, most have a low chance of passing. Senator Elizabeth Warren reportedly proposed over 40 amendments, and Senator Kirsten Gillibrand, among others, demanded conflict-of-interest prevention clauses to limit the involvement of US President Donald Trump and the families of high-ranking officials in cryptocurrency businesses. However, the host asserted that with Republicans controlling both the Senate and the House, and key issues having been reconciled, the bill has a high likelihood of passing.
Investor Ric Edelman analyzed that this bill could be a signal opening the door for Wall Street's entry into the cryptocurrency market. He mentioned that Morgan Stanley manages $7 trillion and has instructed its 16,000 advisors to allocate 2-3% of portfolios to cryptocurrencies, stating that this scale of capital flow could significantly push up Bitcoin's price. Edelman declared, “I would not be surprised at all if Bitcoin surpasses $150,000 by year-end.”
The video also pointed out that this vote is not the final passage procedure but rather the Senate Banking Committee stage. The bill must subsequently go through the Senate Agriculture Committee and the full Senate session, and the host mentioned that President Trump aims to sign the bill by July 4. The video projected that once regulatory clarity is secured, the inflow of funds could also extend to XRP, Ethereum (ETH), Solana (SOL), and major AI altcoins. Investor Michael Terpin believed that AI tokens such as TAO, Venice Token (VVV), and BitTensor could outperform Bitcoin over the next three years, explaining that Venice Token recently surged approximately 500% over the past 90 days, rising from around $2 to nearly $10.
*Disclaimer: This article is for investment reference purposes, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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