Bitcoin is pulling back as negotiations around the Clarity Act begin to fall apart, raising new concerns about the future of crypto regulation in the United States. With just weeks left before a critical deadline, key disagreements—especially around stablecoin rules—are stalling progress and shaking confidence across the market. But while Washington struggles, the industry continues to move forward with growing institutional adoption, tokenization developments, and new use cases emerging. The big question now is whether this regulatory setback will trigger a deeper pullback—or if Bitcoin and crypto can continue advancing without clear rules in place.

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