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US lawmakers are moving swiftly on legislation aimed at regulating digital assets. Votes on a stablecoin bill and a revised version of the broader cryptocurrency market structure bill are expected in the near future.
During yesterday's The Digital Chamber DC Blockchain Summit, Representative French Hill, the Vice Chair of the House Financial Services Committee, hinted at the upcoming release of a market structure draft bill that builds on the committee's work from the previous year. Although no formal version of the bill has yet been introduced, Hill stressed the urgency of establishing a clear regulatory framework for digital assets. He emphasized that regulatory uncertainty continues to stifle innovation and increase risk for investors.
Hill expressed confidence that bipartisan support would help push the legislation through Congress. Participants at the summit also conveyed optimism about the bill's prospects, arguing that it could foster a more favorable environment for blockchain development in the United States. They noted that regulatory clarity would attract greater institutional interest and allow companies to implement innovative solutions with more confidence.
Currently known as the Financial Innovation and Technology for the 21st Century Act, the bill passed the House of Representatives last year with the support of 71 Democrats, including former House Speaker Nancy Pelosi of California. According to Hill, the legislation has since been refined and has undergone technical review. It is expected to be released for public review within the coming weeks.
This development is a positive sign for the cryptocurrency market, which has long awaited concrete guidance in this area. Although not all crypto enthusiasts support such initiatives—particularly when designed for institutional investors—regulatory transparency remains one of the key factors in investment decision-making.
In terms of the current technical outlook for Bitcoin, buyers are now aiming to reclaim the $87,500 level, which would open the path toward $89,000 and potentially extend to $90,300. The most distant upside target remains the high near $92,900, a breakout above which would confirm a return to a medium-term bullish market. In the event of a decline, buying interest is expected around $86,300. A drop below that level could send Bitcoin quickly toward the $85,000 zone, with the final target at $83,200.
As for Ethereum, a solid hold above $2,038 would open the way toward $2,067. The most distant bullish target is the annual high near $2,104. A breakout above that threshold would also confirm a medium-term bullish trend. If Ethereum pulls back, buyers are likely to reemerge around the $2,005 level. A break below that could accelerate losses toward $1,974, with the final target located at $1,937.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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