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Several Democratic elected officials have expressed reservations about the bill, deeming it insufficiently protective for investors in an environment where frauds, scams, and money laundering are not uncommon. "The CLARITY Act will help usher in the golden age of digital assets," Republican lawmaker Mike Flood commented on X. The prospect of this historic day propelled Bitcoin to a new high on Monday, reaching $123,205.09.
The three laws mark the culmination of an unprecedented sequence launched by Donald Trump since his inauguration. Long a critic of this sector, the former real estate developer changed his stance during his last campaign, promising great things to cryptocurrency stakeholders. His administration ended all major legal proceedings against industry giants and appointed a supporter of the movement as head of the financial markets regulator. It also created a strategic reserve funded by the 200,000 bitcoins seized by U.S. authorities in legal proceedings.