🎉Good news! Coinbase highlighted in its latest “Weekly Market Review” that regulatory developments have a significant impact on the U.S. cryptocurrency market. 🌐Coinbase said: “While macro factors remain the key driver of cryptocurrency performance, we believe the main upcoming catalyst is likely to be regulatory driven.”🔍
📢Upcoming regulatory events include the U.S. SEC’s decision on the Ethereum spot ETF application, the White House’s possible action on the SEC’s SAB121 repeal bill, and the U.S. House of Representatives’ vote on the 21st Century Financial Innovation and Technology Act (FIT). 📜
🚀Coinbase also noted that potential stablecoin legislation, such as the “Lummis-Gillibrand Payment Stablecoin Act,” could also accelerate this adoption cycle. 💰As optimistic about Bitcoin, we can’t help but look forward to these regulatory developments bringing more certainty and vitality to the cryptocurrency market! 🎈