MAJOR CRYPTO ALERT! CLARITY ACT MAY NOT PASS! HUGE BANK OFFERS CRYPTO TRADING & TOKENIZATION ISSUE!

**Tony Edward** (0:05)
Hey folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host Tony Edward. On your way in, please hit that subscribe button, as well as the thumbs up button, and leave a comment below. If you're listening on a podcast platform, such as Spotify or Apple, please be sure to follow and leave a five-star rating. All right, folks, let's quickly take a look at the chart of Bitcoin, because Bitcoin today pumped up to $81,000, and it looks like the bulls are trying to make a move to secure the $83,000 level, because that was a key resistance level. And what's interesting, yesterday, I told you guys that the MACD on a daily had flipped bearish. Well, all of a sudden, it's at the cusp of flipping back bullish. So the bulls and the bears are battling here. Clearly, the bears want to send things down further, but the bulls are trying to claim those key levels. So, if Bitcoin is able to secure that level of $83,000, have a close, the bears are going to be screwed big time. And of course, on the higher timeframe of the weekly chart, things continue to look very bullish. The bullish divergence we've been tracking for months is playing out beautifully. And the RSI has broken out from the downtrend. So, this is not good news for bears. Even if we have a short-term pullback, it is not good news for them. So, let's continue to monitor and see how things play out. And here, one user highlighted that Bitcoin is forming a Wyckoff accumulation schematic. So, it's been playing out beautifully with that. So, this schematic shows that we could go up to 88,000, possibly higher. So, not guaranteed, but let's see how it plays out. And again, the bulls and bears are battling here. And I'm on the bull side, guys.
I believe we've turned a corner into a bull market. Again, there will be volatility, there will be corrections. So, let's be patient. Now, we have some issues coming up within the House of Representatives. It has nothing to do specifically with Crypto, but Speaker Mike Johnson, apparently, they have canceled the late September sessions. This is in the House now. So, this is not good for the Clarity Act, even though we know the Clarity Act is scheduled on September 15th to start the process of getting it moved in the Senate. Remember, this bill already passed in the House. It was updated by the Senate. It went from FIT 21 to Clarity Act. So the Senate is the harder place to move bills, so we wanted to make sure it gets through there. However, because the bill has been updated, after it passes the Senate, it has to go back to the House for a final vote, then to President Trump. But if there's an issue here with the House, they have their sessions canceled, then the bill, unfortunately, will not be able to be passed and then go on to President Trump. However, if we just get it out of the Senate, that will be a huge win. Now, clearly, the market doesn't need the Clarity Act to move. We've seen it move without the Clarity Act, right? Obviously. However, I think this would unlock more capital to come into the market. So we want to get it done, even though the regulatory agencies like the SEC, the CFTC and others are putting out the guidance regardless of if the Clarity Act passes or not. So let's keep an eye on this. But again, this is early. Let's see what develops over the following days and weeks. Speaking of legislation, Taiwan's FSC says it's drafting nine subsidiary regulations under its Virtual Asset Service Act, including detailed stablecoin rules with implementation targeted for Q1 2027
We're seeing a lot of jurisdictions are targeting a rollout in 2027, guys. So 2027 could be a very huge year for the crypto market. Again, with the backdrop of we are turning the corner into a bull market with the charts, right? So it could be a very, very huge year for crypto with the legislation put into place, which will allow for more adoption and more capital to come in. And here's an example of that. Standard Chartered, which is one of the big banks in the world, brings spot crypto trading to Dubai FX platform. So banks are launching crypto trading, they're in custody, they're tokenizing, they're integrating stable coins, they're launching their own stable coins. Right yesterday, we talked about the 21 major banks who are launching their own global stable coin, and that is scheduled for 2027
So the bank is now offering institutional crypto spot trading in the region, bringing Bitcoin and Ether on to the same EFX rails that institutions use to trade dollars and euros.