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Senator Cramer: US nears Bitcoin and crypto legislation passage

Sen. Kevin Cramer signaled the U.S. is nearing passage of Bitcoin/crypto legislation, and prediction markets have priced in that development as near-certain. Polymarket odds show Bitcoin staying above $60,000 around mid-April at roughly 99.8–99.9% across contracts, reflecting traders betting on regulatory clarity supporting price levels. Market microstructure data cited low 24-hour USDC trading volume ($390,585) and order-book depth indicating ~$32,199 would move Bitcoin five points, implying limited short-term volatility. The Senate Banking Committee is targeting a late-April markup of the CLARITY Act — any resolved sticking points could further cement price support. Overall, the piece frames policy momentum as a bullish catalyst for Bitcoin in short-dated prediction markets.

Category

Bitcoin

Sentiment

Bullish

Event

Policy impact

Reading time

1 min