Bitcoin Dips as Clarity Act Stalls Over Trump’s Crypto Interest

Bitcoin (BTC) price fell to $76,998.51 as the Clarity Act stalled amid the US President Donald Trump’s crypto-holding limit.   The world’s largest digital asset price has reached $79k, but the attempt to cross the resistance was rejected.

Trading volume picked up 120% on the day to $40 billion.  The CLARITY Act, a flagship market structure and stablecoin bill, has been held up in the Senate Banking Committee since January, following initial fights over yield-bearing stablecoins.

The main obstacle is now the ethics language that would restrict how Trump and other executive-branch officials can own or profit from crypto, specifically targeting the Trump family’s…