According <\/a>to Rover, this crypto bill could reduce market manipulation in the crypto space by an impressive 70% to 80%.\u00a0<\/p>\nHe 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
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\u2019s 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>","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":0,"featured_media":125994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125993"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125993"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125994"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}