Custodia CEO Says Trump Family Crypto Ties Are Part of Clarity Act Problem

💡 DMK Insight

Caitlin Long’s comments at ETH Denver highlight a growing concern that could impact crypto legislation. The ethics controversy surrounding Trump-linked projects is creating a rift in Senate support, which could stall or alter proposed regulations. For traders, this is crucial because regulatory clarity—or the lack thereof—can significantly influence market sentiment and price movements. If Senate support wanes, we might see increased volatility in Ethereum and related assets, especially if traders react to news cycles. Watch for ETH’s price around $1,900 as a potential support level; a break below could trigger further selling pressure. On the flip side, if any bipartisan support emerges despite these controversies, it could lead to a rally. Traders should keep an eye on sentiment indicators and news flow, as these will be key in navigating the choppy waters ahead.