Despite the U.S. House of Representatives passing all three major crypto bills this week, including the CLARITY Act and the Anti-CBDC Surveillance State Act, crypto markets remain flat with Bitcoin at $118,849 and Ethereum at $3,389. Only XRP is up over 8%.
The CLARITY Act and the Anti-CBDC Surveillance State Act have passed in the House, while the GENIUS Act has cleared both chambers of Congress and is on its way to becoming law. The future of these bills in the Senate remains uncertain.
Crypto traders seem unfazed by legislative wins, as Coinglass reports over $489.97 million in liquidations in the past 24 hours, with the largest single liquidation being a $3.21 million ETH-USDT long position on HTX exchange.
In stock markets, major U.S. indexes hit fresh records on Friday, with the S&P 500 up 0.54% to 6,297.36, the Nasdaq Composite climbing 0.74% to 20,884.27, and the Dow Jones Industrial Average rising 0.52% to 44,484.49. Retail sales beat expectations and jobless claims fell, boosting investor sentiment.
Read more at Yahoo Finance: Crypto markets remain flat even as House clears all three major crypto bills