Potential Impact of Clarity Act on Bitcoin Market

The probability of the Clarity Act passing recently surged to 90% before settling at around 70%, according to ChainCatcher. This legislation is seen as a potential key factor in the next phase of Bitcoin's market movement, with many considering it a significant trigger for a Bitcoin rebound, similar to how the 'Genius Act' previously boosted stablecoin growth. Dennis Porter, co-founder of the Satoshi Action Fund, stated that once the Clarity Act is signed, it could open the floodgates for trillions of dollars in capital waiting for a regulatory framework to enter the market. The general consensus in the market is that substantial progress on the Clarity Act could serve as a crucial catalyst for a new influx of funds into the crypto market.