Cryptocurrency Market Reacts to U.S. Legislative Delays

According to Odaily, the cryptocurrency market experienced a temporary decline following the U.S. House of Representatives' failure to advance the GENUIS and CLARITY bills, which are crucial for the cryptocurrency industry. Oppenheimer analyst Owen Lau noted that the market's reaction was exaggerated, emphasizing that the passage of these bills is a matter of 'when' rather than 'if.' Lau suggested that if the three bills are passed together, the market might respond more positively.