Bitcoin Faces Dual Upside Catalysts as Expectations Remain Low

A meaningful regulatory development emerged late yesterday. The latest draft of the comprehensive crypto market-structure bill materially expanded its ethics provisions, including broader restrictions on executive branch and congressional officials benefiting financially from digital assets. Critically, the revised text would grant state attorneys general enforcement authority over those prohibitions — directly addressing one of the more significant objections from lawmakers who viewed prior enforcement mechanisms as too reliant on the federal government.