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▲ Bitcoin (BTC)/AI generated image
As the US cryptocurrency market structure bill officially enters the Senate process, there is a growing expectation that it could become an institutional catalyst to usher in the next bull market for Bitcoin and major altcoins.
The cryptocurrency-focused YouTube channel Altcoin Daily stated in a video released on May 14 (local time) that the US cryptocurrency market structure bill (Clarity Act) is awaiting a markup vote by 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, saying, “If the bill passes, we will look back at that time as the market bottom.”
Coinbase CEO Brian Armstrong revealed in a Fox Business interview that a compromise has been reached regarding Bitcoin (BTC) and the cryptocurrency market structure bill. Regarding the stablecoin compensation issue, Armstrong said, “The banking sector and the Senate did not want compensation to be paid on idle balances, and a compromise was reached to allow compensation for accounts with actual activities such as payments or transactions.” He also noted improvements in issues related to DeFi, tokenized stocks, and the Commodity Futures Trading Commission (CFTC)'s authority, stating, “The bill is stronger than ever.”
The video noted that Democratic lawmakers submitted over 100 amendments, but most were considered unlikely to pass. Senator Elizabeth Warren submitted more than 40 amendments, and Senators Kirsten Gillibrand and others reportedly requested conflict-of-interest provisions to limit the involvement of US President Donald Trump and high-ranking officials' families in cryptocurrency businesses. However, the host asserted that with Republicans controlling both the Senate and the House, and key issues having been coordinated, the bill has a high chance of passing.
Investor Ric Edelman analyzed that this bill could signal Wall Street's entry into the cryptocurrency market. He mentioned that Morgan Stanley manages $7 trillion and has instructed 16,000 advisors to allocate 2-3% of their portfolios to cryptocurrencies, adding that this scale of capital flow could significantly push up Bitcoin's price. Edelman stated, “I would not be surprised at all if Bitcoin surpasses $150,000 by the end of the year.”
The video also pointed out that this vote is not the final passage but rather the Senate Banking Committee stage. The bill must then go through the Senate Agriculture Committee and the full Senate floor procedures, and the host mentioned that President Trump aims to sign the bill by July 4. The video predicted that once regulatory clarity is secured, the inflow of funds could also spread to XRP, Ethereum (ETH), Solana (SOL), and major AI altcoins. Investor Michael Terpin believes that AI tokens such as TAO, Venice Token (VVV), and BitTensor could outperform Bitcoin over the next three years, explaining that Venice Token recently rose by approximately 500% in 90 days, from around $2 to almost $10.
*Disclaimer: This article is for investment reference only, 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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