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Crypto

Bitcoin acts as key anchor during crypto market correction

Bitcoin is emerging as a central pillar of stabilisation in the second-quarter cryptocurrency market, an analysis said. While prices remain in a narrow range, shifts in fund flows and key indicators suggest the market is building a bottom. Fidelity Digital Assets said the market is not simply bearish but in a correction accompanied by structural improvement. It cited easing downside momentum, stabilising unrealised profitability and steady or rising network use.

Crypto

Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June

U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

Crypto

Clarity bill faces new ethical clause sticking point in U.S. Senate

A U.S. cryptocurrency regulatory proposal known as the Clarity bill may face renewed resistance in the Senate as disagreements emerge over an ethics provision. Republican Senator Thom Tillis, a key negotiator on the Senate Banking Committee, said he would oppose the bill if it does not include ethics language. Analysts said the provision could affect businesses tied to President Donald Trump’s family, complicating talks ahead of expected Senate debate resuming after May.