US crypto-friendly Senator Bernie Moreno announced that the CLARITY Act, which will provide more clarity to the crypto industry, could pass Congress by April. Speaking to CNBC at Mar-a-Lago in Florida with Coinbase CEO Brian Armstrong, Moreno stated that solutions for market structure are being sought with crypto, banking, and Congress representatives at the World Liberty Financial forum.
Brian Armstrong and Bernie Moreno joined CNBC on Wednesday. Source: CNBC
Armstrong had withdrawn support for the bill in January because it bans interest-bearing stablecoins and positions the SEC as the primary regulator of the crypto industry. Concerns that stablecoin rewards would affect bank deposits had caused the delay. Armstrong now expressed that he anticipates a win-win-win outcome for the crypto sector, banks, and consumers. The probability of the bill passing in 2026 on Polymarket has dropped to 72%. White House official David Sacks had also stated at the end of January that it would pass early this year.
What Will the CLARITY Act Change in Crypto Regulation?
The CLARITY Act separates crypto assets from traditional financial products, bringing clear authority distribution between the SEC and CFTC. While protecting the banking sector with stablecoin regulations, it aims to reduce legal uncertainty for the industry. This development could directly affect projects like WLFI detailed analysis.
Critical Support and Resistance Levels for ALT
While regulation news affects the market, ALT is in a downtrend with a -7.14% drop at the $0.01 level. RSI 36.40 (oversold signal), Supertrend bearish, EMA 20: $0.0090.
- Supports: S1 $0.0081 (72/100 ⭐ Strong, -1.10% distance), S2 $0.0069 (62/100 ⭐ Strong, -15.75% distance)
- Resistances: R1 $0.0092 (65/100 ⭐ Strong, +12.33% distance), R2 $0.0082 (63/100 ⭐ Strong, +0.12% distance)
ALT investors should follow ALT detailed analysis and ALT futures.
Frequently Asked Questions About ALT and the CLARITY Act
Will the CLARITY Act pass in April? According to Moreno, high probability, Polymarket shows 72%.
Why did ALT drop? Regulation uncertainty and bearish indicators (RSI 36.40) are influential.
How will WLFI be affected by regulation? Positive due to hosting the forum, stablecoin rules critical.
Source: https://en.coinotag.com/clarity-act-could-pass-by-april-moreno
