"The CLARITY Act has the firmest May deadline of the three. If the Senate Banking Committee schedules and clears the markup before May 21, the bill heads to a Senate floor vote and-if it passes-on to the House and President Trump's desk. The bill passing would make crypto more attractive to investors, and XRP especially would see a new wave of capital flowing in from institutions waiting on its legal clarity."
"J.P. Morgan expects Warsh to push for rate cuts once seated, with his argument being that AI productivity gains give the Fed room to ease without reigniting inflation. If Warsh signals any openness to cuts in his first speeches, crypto could move higher, and Bitcoin typically rallies in such environments."
The crypto market begins May with Bitcoin around $77,000, XRP near $1.37, and Ethereum above $2,300. April marked the first positive month of the year, and May holds potential for further gains. Key catalysts include the expected markup of the CLARITY Act and the transition to Kevin Warsh as Fed Chair. Institutional buying is anticipated to continue, and if the CLARITY Act passes, it could attract significant investment, particularly for XRP. Warsh's potential rate cuts could also positively impact crypto prices.
Read at 24/7 Wall St.
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