67M Americans Hold Crypto as CLARITY Act Hits Senate, Gold Breaks Below Key EMAs

The article reports that 67 million Americans now hold crypto (12 million new holders in the past year), a figure used by industry groups to push momentum behind the Digital Asset Market Clarity Act, which the Senate Banking Committee advanced 15-9 on May 14. The bill would allocate oversight of spot commodities to the CFTC and securities-like tokens to the SEC, a change supporters say could unlock institutional flows into regulated DeFi and tokenized products. Concurrently, gold (spot XAU/USD) has pivoted lower, trading near $4,491 and breaching the 20-, 50- and 100-day EMAs, with the 200-day EMA at $4,366 as the last major support. CFTC Commitment of Traders data show commercial hedgers added 10,818 short contracts (71.2% of OI) while speculators added 7,979 long contracts, signaling producer selling and trend-following buying. The combined narrative points to potential capital rotation toward crypto and away from gold as regulatory clarity and institutional demand reshape allocations.