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SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

TradingKey – With the FOMC rate decision looming, the US SEC Chairman’s support for the CLARITY Act has a very limited impact on the crypto market.

On July 29, US SEC Chairman Paul Atkins voiced support for the CLARITY Act, leading to a modest rebound in the cryptocurrency market, which rose 0.57% over the past 24 hours. Bitcoin ( BTC) rose 0.62%, temporarily trading at $63,895.34; Ethereum ( ETH) rose 1.12%, trading at $1,906.56.

bitcoin-btc-price-24d049be66074a8ba921631f2a1dd2aeBitcoin Price Chart, Source: CoinMarketCap

This morning, Paul Atkins on X platform posted, “I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance. America’s leadership in the digital financial revolution means energizing US innovators with a regulatory…

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