Bitcoin climbed to a two-week high as risk appetite returned to global markets, helped by five straight days of Bitcoin ETF inflows, easing geopolitical tensions, and a rebound in technology stocks. We discuss whether this move marks the beginning of a sustainable breakout or just another rally within Bitcoin&#x27;s broader consolidation. We also break down the biggest development yet for the CLARITY Act after President Trump reportedly agreed to an ethics provision, dramatically improving the odds of comprehensive U.S. crypto legislation<br><br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin HITS $66K as Trump Clears the Way for the CLARITY Act | Jeff Park

The Wolf Of All Streets

Bitcoin is trading over $66,000, presumably on news that the White House has provided ethics language and is sending it to Republicans to hopefully get the CLARITY Act passed in the coming weeks before the deadline is up. Obviously, we're out here on location today. We're going to talk about that and everything else with the amazing Jeff Park. Let's go.

Let's go. Absolutely. Even in the face of some bad news, I would say, people were very concerned about strategy. I think that's kind of out of the market. I mean, just broadly, what do you think is moving the market right now and what do you make of the price action? I think there's a lot of focus on the CLARITY Act for sure, and the next two weeks is pretty much the gap in which the fulfillment of its dreams have to be realized or not. And as a result, there's a lot of bids towards not just Bitcoin and alt tokens for the construct of that potential tail outcome, but in crypto equities as well as I've seen it.

So some of the term structures across the volatility surfaces of equities that have some acts to the passage of CLARITY has an upward kink over the next few weeks versus the rest of the year. So there's definitely focus on it. And I think Bitcoin, you know, if you ask me, will Bitcoin trade up or down based on the passage of CLARITY? That for me is a little bit harder to assess than, say, Ethereum or other tokens that have more direct acts into legislative efforts that touch their revenue model.

Bitcoin HITS $66K as Trump Clears the Way for the CLARITY Act | Jeff Park

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Bitcoin HITS $66K as Trump Clears the Way for the CLARITY Act | Jeff Park

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.