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US Representative Byron Donalds this week submitted a request to buy up to $100,000 in Bitcoin. The move raised eyebrows, given the representative’s seat on the House Digital Assets Subcommittee.
This development comes amid increasing scrutiny of stock trading in Congress. This also raises speculation about whether the Cryptocurrency Market Structure Bill is going to pass – which could be a bullish catalyst for Bitcoin’s price.
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What is the signal to buy Bitcoin from Congress?
The Subcommittee on Digital Assets, FinTech and Artificial Intelligence Develop and review legislation that govern the digital economy.
As the cryptocurrency market develops rapidly, the Commission has taken a central role in shaping clear regulatory frameworks for cryptocurrency assets and broader financial technologies.
Given Donald’s role in the subcommittee, the timing of the Bitcoin purchase drew attention to concerns about what lawmakers could have access to in front of the public.
The purchase also fuels speculation about Bitcoin’s path into the new year. At the time of writing, Bitcoin is trading at $91,370, after months of turmoil that saw prices drop to $84,000 and repeated failures to recover the $100,000 level.
Market analysts are also concerned that the decrease in demand for the digital asset indicates that Bitcoin may already be in a bear market. In a recent interview with BeInCryptoCrypto, CryptoQuant analyst Julio Moreno predicted that… Bitcoin hits a low of $56,000 Sometime in 2026.
However, there are signs of optimism towards Bitcoin. A big purchase by a key lawmaker in Congress could signal expectations of a recovery before broader market pressures escalate.
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The cryptocurrency market structure bill currently being debated by Congress may be what Bitcoin needs to recover.
Why the law of clarity matters for Bitcoin
In July, the House of Representatives passed the Clarity Act, a bill aimed at regulating the cryptocurrency market. Since then, the Senate has been working on its own version, known as the Responsible Financial Innovation Act.
to submit The Senate bill is currently under review Senate Agriculture Committee and Senate Banking Committee. Although the first has already published a discussion project on the Senate bill, the latter has not yet done so.
Only after doing so, the House can vote on the bill in the Senate. If it receives enough votes, It will return to the House of Representatives for final approval Before President Donald Trump signed it into law.
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Despite repeated political clashes in recent months, reports have indicated that the Clarity Act could be passed by March. If this happens, it could have a significant impact on the price of Bitcoin.
It is clear Passage of the GENIUS act Last July the impact of regulatory developments on the market. After Trump signed Because the bill will become lawBitcoin rose to a high of $119,000, a reaction that some expected to be repeated if the Serenity Act is approved.
For most of its history, the cryptocurrency market has operated under a state of constant regulatory uncertainty, making clear legislation a key source of confidence for consumers and investors. A market structure bill of this size could be another important regulatory catalyst.
Meanwhile, Donald’s recent purchase of Bitcoin has renewed the broader debate for a ban on trading in Congress.
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Congress faces the problem of insider trading
Donald is among several members of Congress whose investment activities have come under scrutiny because of the privileged positions they hold.
In October, BeInCrypto reported that a Louisiana representative Cleo Fields bought a couple of commercials at the right time Partner with IREN, a Bitcoin mining company. Fields, a member of the House Financial Services Committee, saw his investments increase 233%.
Later that month, Rep. Jonathan Jackson, a member of the House Agriculture Committee on Commodity Markets, Digital Assets and Rural Development, bought… Robinhood shares the debut.
The controversy extends beyond cryptocurrencies to include all forms of stock trading.
Although the issue is long-standing, lawmakers have renewed their efforts over the past year to pass legislation that would prevent members of Congress from deliberating on non-public information.
on Saturday, Rep. Ritchie Torres confirmed the filing plans A bill that prohibits federal officials and executive branch employees from trading market forecast contracts when they have access to non-public information. Like Donalds and Jackson, Torres also sits on the House Digital Assets Subcommittee.
In October, Rep. Ro Khanna introduced legislation to ban the president, his family members and members of Congress By trading cryptocurrencies or stocks Accept foreign funds.
