Bitcoin Price Stability Amidst Legislative Uncertainty

Charles Schwab research indicates that changes in the perceived odds of the CLARITY Act passing accounted for only 4.3% of Bitcoin's daily price movements this year.

Bitcoin continues to trade near $65,000 as Senate negotiators release an updated draft of the legislation, which combines House and Senate proposals into a single text.

Despite the limited immediate impact on price, analysts suggest the bill's eventual passage remains a key catalyst for reviving institutional adoption of the cryptocurrency.