Mon, 06 Apregulation

US Senate Banking panel member confirms April timeline for crypto market structure

Burns Brief

Acknowledging there was ”still a lot more work to do” before Congress could advance a market structure bill, Senator Bill Hagerty renewed attention starting next week The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.

Acknowledging there was ”still a lot more work to do” before Congress could advance a market structure bill, Senator Bill Hagerty renewed attention starting next week.

Key Takeaways