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U.S. House Hearing Marks Progress Toward Crypto Market-Structure Bill

The U.S. House Financial Services Committee checked the next box in moving toward what Representative Bryan Steil referred to as the "second half" of President Donald Trump`s crypto agenda: a bill to set U.S. crypto market rules for a fully regulated domestic industry. Steil, the Republican chairman of the panel`s crypto subcommittee, said that the first half of Trump`s goal is well underway — Congress` stablecoin legislation that`s already advanced through committees in both the House and Senate — so a Wednesday hearing explored the other long-awaited digital assets bill to establish the structure of crypto markets. Such hearings represent a rung on such an effort`s climb through Congress. Representative French Hill, the Arkansas Republican who runs the overall committee, indicated that those working on the bill are closer to releasing a successor to the Financial Innovation and Technology for the 21st Century Act (FIT21), the House legislation that passed last year but failed to progress through the Senate. "The committee has engaged with a wide range of stakeholders, from government agencies to leaders in the ecosystem to identify ways market structure legislation can be further refined and strengthened," he said during the hearing. "We`re actively working to release a legislative discussion draft that reflects that feedback from members and market participants." Democrats on the committee returned repeatedly to the crypto business activity of Trump and his family, questioning industry lawyers about whether it represents a conflict of interest. Representative Maxine Waters, the committee`s ranking Democrat, accused the panel of trying to make Trump "the king of crypto by passing legislation that lets him corner the market on stablecoins, kick George Washington off the dollar and make his own stablecoin." The witnesses mostly declined to engage on Trump, though a consumer advocate testifying on Wednesday, Alexandra Thornton, a senior director at the Center for American Progress, noted "there have been a number of things that the Trump administration has done that have favored crypto, and they include many that you mentioned, but also letting go of many enforcement staff, dropping many cases against crypto." The lawmakers also drilled down on the proper roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission in future crypto oversight, and how Congress should define which regulatory buckets should handle the different digital assets. In recent years, the SEC`s interpretation of how to use securities law to identify which crypto tokens are securities left the industry in legal confusion and mired in enforcement disputes, despite some early guidance from the agency on how to negotiate legal standards. "Market participants have still found it challenging to apply," said Tiffany Smith, who works with crypto clients at law firm WilmerHale. She added that the definitions become even more complicated when the bulk of crypto transactions happen on secondary markets, such as on crypto exchanges. "Regulatory clarity is needed," she said. Read More: U.S. House Stablecoin Bill Poised to Go Public, Lawmaker Atop Crypto Panel Says CoinOtag

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Analyst Outlines Three Scenarios That Could Shape Bitcoin (BTC) Bullish Cycle

Despite market jitters and short-term volatility, Bitcoin remains in a confirmed bull market trajectory according to respected crypto analyst EGRAG Crypto, who recently shared an insightful breakdown on X . With Bitcoin ($BTC) still trading above its 21-day exponential moving average (EMA), EGRAG emphasizes there’s “no need to worry,” while laying out three potential scenarios that could define the rest of this market cycle. The analysis carries weight for both Bitcoin maximalists and altcoin investors alike, highlighting massive opportunity across the digital asset spectrum—provided investors understand how cycles and liquidity flows work. #BTC -We Are Still in a Bull Run-ONLY FEW As long as #BTC is trending above the 21 EMA, there’s no need to worry! Here are three scenarios for #BTC : Retracement: The peak was $109K, and #BTC may retrace to Fib 0.702 ($97K). During this phase. #Alts will outperform… pic.twitter.com/dtqPyk0UUB — EGRAG CRYPTO (@egragcrypto) April 9, 2025 Bitcoin’s Key Technical Support: The 21 EMA The 21 EMA is widely regarded as a dynamic support level in trending markets, especially during bull runs. EGRAG underscores this point, stating that as long as BTC remains above this moving average, there is no structural reason to fear a reversal. This technical reassurance anchors his broader argument: we are still firmly within an uptrend, and the bull run is far from over. Scenario One: A Healthy Retracement to Fibonacci 0.702 In EGRAG’s first scenario, Bitcoin peaks at $109,000 and retraces to the key Fibonacci 0.702 level, which sits around $97,000. Rather than seeing this as a bearish development, he frames it as a healthy correction—one that historically marks a rotation point for capital to flow into altcoins. During this phase, EGRAG suggests that altcoins could outperform Bitcoin, creating an optimal window for traders to extract significant profits. He also issues a timely reminder: take profits when they come, as this phase can be both lucrative and short-lived. Scenario Two: Bitcoin Hits a New All-Time High of $177K The second scenario reflects a continued bullish breakout with Bitcoin targeting the Fibonacci 1.618 extension, landing at approximately $177,000. This target isn’t merely a speculative moonshot; it’s rooted in widely accepted fib-based technical analysis and reflects a natural expansion beyond previous cycle highs. In this environment, altcoins aren’t just expected to rise—they could explode. EGRAG estimates that many could yield gains between 10X to 20X from current levels, reigniting the speculative fervor that defined previous alt seasons. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Scenario Three: ATH Expansion Mode and the Power of Liquidity In what EGRAG dubs the “wildest scenario,” Bitcoin enters ATH expansion mode—fueled by a confluence of macroeconomic factors including renewed liquidity injections, interest rate cuts, and possibly more fiscal stimulus. If this scenario plays out, it could redefine what’s possible in this market cycle. Small-cap altcoins could deliver 50X to 100X returns, while mid-caps might routinely post 30X gains. While such explosive growth may seem implausible to some, EGRAG reminds his audience that those who fail to understand liquidity cycles are often the loudest critics—and the least prepared when the market turns. Gold and the Liquidity Equation Interestingly, EGRAG also introduces a cross-market liquidity thesis by identifying gold as a potential source of fresh capital. As traditional investors cycle profits from soaring commodities like gold , that liquidity could flow into riskier assets like Bitcoin and altcoins, particularly as inflationary pressures ease and monetary conditions loosen. Understand the Cycle or Get Left Behind EGRAG Crypto’s message is clear: market cycles matter, and liquidity is king. While price volatility may shake out weak hands, long-term investors who understand the broader macro-technical picture have little to fear—and possibly much to gain. His blend of technical analysis, macro insights, and historical context makes a strong case for why we are still in a bull run and why the next leg could be more explosive than anything we’ve seen before. Whether Bitcoin retraces to $97K or soars to $177K and beyond, the critical takeaway is this: the cycle is still alive, and for those who pay attention, the opportunities could be generational. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Outlines Three Scenarios That Could Shape Bitcoin (BTC) Bullish Cycle appeared first on Times Tabloid . CoinOtag