Regulatory breakout or political bull trap
The mood in Washington has turned risk-on—at least for digital assets—as lawmakers load the legislative order book with three pro-crypto bills under the banner of “Crypto Week.” Like a breakout trade that’s waited months for a clean catalyst, the industry is hoping this is the moment crypto sheds its legal ambiguity and steps onto firmer regulatory ground. But even the cleanest chart can turn into a bull trap if momentum stalls.
The centrepiece is the CLARITY Act, a jurisdictional tug-of-war that aims to pull crypto oversight away from the SEC and hand it to the CFTC. For industry insiders, this is like switching refs mid-game—one more lenient, less prone to whistle every fast break. It tries to sunset…
