Ether (ETH) is gaining momentum as institutional investors and Ethereum treasury companies increase their holdings, signaling confidence in a sustained price rally. Recent data reveals over $1 billion in inflows
In a latest post on Truth Social amid “Crypto Week”, US President Donald Trump threw his weight behind…
Bonk ($BONK) is experiencing strong bullish momentum. In the last 24 hours, $BONK has increased by 7.65% to currently trade at $0.00002873 , showing the traction that the memecoin is gaining. Source: CoinMarketCap Beyond the Meme: How $BONK’s Utility, Strategic Partnerships, and Community Drive Its Path to $0.000060 Bonk ($BONK), once seen as just another meme coin, has evolved into one of the most active and rapidly growing tokens in the Solana ecosystem. With a market cap of approximately $2.37 billion, a circulating supply of 80.87 trillion tokens, and a total value locked (TVL) of $18.22 million, $BONK is solidifying itself as a leading memecoin on the Solana blockchain. Source: DefiLlama $BONK is a well-integrated, high-utility, and increasingly institutionalized Solana-native asset with 956,523 on-chain holders. This strong on-chain activity is further evidenced by a 24-hour trading volume of $1.32 billion, indicating intense market interest and liquidity. Analysts now forecast a steady rally toward $0.000060, a potential 2.5x from current levels, as all indicators point to sustained growth. $BONK Season Ahead BONK rally will be non stop till $0.000060. Easy more 2.5X from here! pic.twitter.com/T9d8mBKG9e — Crypto Catalysts (@Crypt00catalyts) July 13, 2025 $BONK was launched in 2022 and has distinguished itself by airdropping 50% of its 100-trillion token supply airdropped directly to active Solana users, NFT holders, developers, and artists. This grassroots approach helped build strong community trust and broad-based adoption. One of $BONK’s biggest strengths is its broad adoption across the Solana network, which boasts over 350 on-chain integrations. $BONK already boasts 400+ integrations across the Solana ecosystem, but its not enough until its integrated EVERYWHERE. If you're looking to integrate with $BONK , or have suggestions on where $BONK can be used, reach out to The Dog or a BONK contributor — BONK!!! (@bonk_inu) April 24, 2025 In May 2025, $BONK announced a high-profile partnership with Nasdaq-listed DeFi Development Corp to jointly launch a validator node on Solana. This collaboration enhances Solana’s decentralization and indicates increasing institutional involvement in the once purely community-driven meme token. In early July, Grayscale added $BONK to its Q3 “Assets Under Consideration” list , triggering a 12% price rally and marking the meme coin’s entry into Wall Street discussions. $BONK also recorded a massive 2.6 trillion token on-chain volume at that time, indicating high transaction activity and growing liquidity. Additionally, LetsBonk, a Solana memecoin launchpad, has seen a strong surge in 24-hour revenue, reaching $1.04 million in early July, nearly double that of Pump.fun . $600M is on the line. https://t.co/DUsBrgYrQl ’s ICO is coming July 12, 2025. But BONK and https://t.co/nDIpFRBtrX may have already won the meme coin race. What’s really happening on Solana? https://t.co/KMjfKMltQw — CrispyBull (@CrispyBull) July 10, 2025 $BONK’s price has rallied sharply since LetsBonk’s launch on April 25. This indicates growing utility and engagement within the Bonk ecosystem. $BONK Holds Strong in Rising Wedge—Can Bulls Defend $0.000026 Support for Another Leg Up? $BONK/$USDT is currently trading near $0.00002864, following a steady climb over recent sessions. The 4‑hour timeframe shows that the price moves within a clear rising wedge pattern. The wedge began forming after the breakout from the $0.00002200 region, which serves as a key support zone. There is an increase in volume, which signals that buyers have actively pushed prices higher. $BONK price chart, July 15 (Source: TradingView) Inside the wedge, each rally has been met with a brief pullback, which has created higher highs and higher lows. One detail to note is at the top of the wedge, which lies between $0.00002900 and $0.00003000. That area now acts as immediate resistance. A confirmed breakout above this level with strong follow‑through could extend gains to $0.00003100 or beyond. On the downside, a break below the wedge’s lower boundary, around $0.00002600, could trigger a deeper pullback, with the first support sitting near $0.00002500. The 1‑hour footprint chart adds context to recent order flow. Earlier candles show large buying deltas, such as +2.59M on a candle with total buys at 15.82M against 13.23M sells, which propelled the $BONK price higher. $BONK volume chart, July 15 (Source: TradingView) However, there were also signs of sell‑side resistance. Around 07:00 UTC, the delta registered a value of (–3.48M ) , despite 13.9M in buys, suggesting that while buyers were active, sellers were matching and exceeding them enough to cap the rally briefly. Despite this pushback, the price held above $0.00002750, suggesting underlying demand and buyers supporting the price level. On the 1‑hour price chart, the price corrected modestly after a quick spike but quickly found bids, maintaining the series of higher lows. The increase in volume aligns with these rallies, which indicates that market participants are willing to accumulate on dips. $BONK/$USDT remains in a clear upward structure. If $BONK/$USDT decisively breaks above the resistance zone between $0.00002900 and $0.00003000 with strong volume, it could pave the way for a rally to $0.00003100 and higher. Meanwhile, if the price fails to hold above $0.00002600, attention would shift to the $0.00002500 support area. A further decline below this level could suggest a deeper correction. The post Bonk ($BONK) Eyes 2.5X Rally as Institutional Interest and Ecosystem Growth Explode appeared first on Cryptonews .
Institutional investors are riding the crypto industry’s record-breaking momentum and pouring billions into digital asset investment vehicles, reports crypto investment firm CoinShares. According to the latest Digital Asset Fund Flows report , institutional investors coughed up $3.7 billion in crypto inflows last week alone. “Digital asset investment products saw inflows of $3.7 billion last week, marking the 2nd largest weekly inflow on record. Notably, July 10th recorded the third-highest daily inflow ever. This also represents the 13th consecutive week of inflows, bringing the cumulative total to $21.8 billion and pushing year-to-date (YTD) inflows to $22.7 billion. Assets under management (AuM) surged past the US $200 billion threshold for the first time, reaching a new record of $211 billion. ETP (exchange-traded product) trading volumes reached $29 billion, twice this year’s weekly average.” Source: CoinShares The US led globally with $3.7 billion worth of inflows. Switzerland and Canada followed with $65.8 million and $17.1 million in inflows, respectively, while Germany suffered outflows to the tune of $86 million. Top crypto asset by market cap Bitcoin ( BTC ), per usual, enjoyed the lion’s share of inflows at $2.7 billion. “For the first time, this equals 54% of the total AuM held in gold ETPs. Short Bitcoin ETPs showed minimal activity.” Ethereum ( ETH ) continued its 12-week run of inflows with $990 million last week. Meanwhile, XRP and Solana ( SOL ) also enjoyed large inflows of $104 million and $92.6 million, respectively. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Institutional Crypto Inflows Reach Second-Largest Week on Record With $3,700,000,000: CoinShares appeared first on The Daily Hodl .
Russia’s largest stock market, the Moscow Exchange, will soon offer futures contracts tracking the price of Ethereum, the biggest cryptocurrency by market cap after Bitcoin. The platform said it will also present futures on U.S. treasury bonds – a first in the Russian Federation, where the growing yield of American government securities has caught the attention of investors. Russians to start trading futures on ETH The Moscow Exchange (MOEX) plans to launch two new futures contracts in August, one of which will be tied to the value of the second most popular cryptocurrency, while the other will track the market dynamics of U.S. government securities. The exchange intends to begin trading a futures contract on an exchange-traded fund (ETF) that invests in Ethereum (ETH), Maria Patrikeeva, managing director of its derivatives market, told RBC during an investment forum, organized by the Russian business news outlet. Speaking on the sidelines of the Invest Weekend event, Patrikeeva elaborated: “The underlying asset will be an ETF for the largest fund from BlackRock, the iShares Ethereum Trust ETF, which invests in Ethereum. Its quote will be equal to the cost of one share of the fund, the contract size will be slightly less than IBIT.” The announcement of the ETF-based product comes after, in early June, MOEX started trading Bitcoin futures, following the Central Bank of Russia’s decision to allow the offering of crypto derivatives to qualified investors in the country. Besides MOEX, a number of other major players in the Russian financial market have also launched crypto-linked instruments, including Russia’s largest bank by assets, the state-controlled Sber, and the leading Russian broker Finam. The contracts, the first batch of which expires in September, are on the shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT), which tracks the price of Bitcoin (BTC), the leading cryptocurrency by market capitalization. MOEX also prepares to offer a futures contract based on its own Bitcoin index . BTC recently reached a historic high, exceeding $123,000 per coin on Monday, although it has since dropped below $120,000. Late on July 14, the IBIT futures were trading at around $70 per contract while one share of its underlying asset, the IBIT fund, was under $76 on the NASDAQ exchange, RBC noted. By June 27, the open net positions of retail investors in Bitcoin futures on the Moscow Exchange reached 1.25 billion rubles (over $16 million), Russia’s monetary authority revealed in its latest “Overview of Financial Market Risks” report for last month. Russian investors to speculate on U.S. debt The other instrument that the Moscow Exchange will offer next month will be based on an ETF investing in long-term U.S. Treasury bonds – the iShares 20+ Year Treasury Bond ETF. The MOEX contract will be based on the value of one share of this fund. The average maturity of the bonds in the ETF portfolio is nearly 26 years, and the effective duration of the government securities is 15.7 years, Maria Patrikeeva detailed. The yield on long-term U.S. Treasury bonds has grown significantly, to almost 5%, since President Donald Trump announced he’s going to raise import duties, RBC remarked. It also highlighted that this will be the first futures contract on the Moscow Exchange that tracks the dynamics of U.S. debt securities. MOEX is already providing Russian investors with access to about a dozen contracts with underlying assets in the form of shares of funds based on S&P 500, NASDAQ, and Dow Jones, as well as indexes of European and Asian stock markets. As part of a plan to expand the geography of its derivative offerings, the Russian exchange announced earlier that it will launch two futures contracts on shares traded on the Hong Kong Stock Exchange, those of Chinese tech giants Tencent and Xiaomi. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The cryptocurrency world has scored another victory following Donald Trump's return to the White House. Two separate investigations into crypto prediction platform Polymarket, which intensified in the final days of the Biden administration, were closed under Trump. A source familiar with the matter revealed that the US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) informed Polymarket earlier this month that their investigations had ended. Polymarket gained significant traction during the 2024 election cycle when users used cryptocurrency to predict political outcomes. However, this popularity sparked investigations into whether the platform was accepting transactions from US users, in violation of a previous agreement with federal regulators. The situation escalated a week after the November 2024 elections. FBI agents raided the luxury New York apartment of Polymarket founder Shayne Coplan before dawn. The 27-year-old CEO, in a statement on social media following the incident, described the move as a last-minute effort by the Biden administration to target companies affiliated with his political rivals and mocked the seizure of his phone. Related News: US President Donald Trump Makes Hot Remarks on Cryptocurrencies - Shares a Long Statement These developments have been welcomed in the crypto community as a sign of the Trump administration's willingness to reverse its crackdown on digital assets. The US Congress is expected to present Trump with the first comprehensive bill this week that includes industry-backed regulations. The CFTC investigation into Polymarket began when the platform fell under the agency's jurisdiction due to its prediction contracts, which resembled futures contracts. In January 2022, the parties agreed to block US users from the platform. However, the investigation continued due to suspicions that these restrictions could have been circumvented through methods such as VPNs. The platform reached approximately $2.6 billion in trading volume in November. The closure of the investigations could pave the way for Polymarket to officially return to the US market, perhaps through registration with the CFTC as a futures exchange or acquisition of a licensed company. Polymarket aims to bring its prediction services to its social media platform by announcing a partnership with Elon Musk's X and artificial intelligence company xAI. It also continues to raise capital with new investment rounds led by Peter Thiel's Founders Fund. *This is not investment advice. Continue Reading: Erasing the Traces of Cryptocurrency-Hostile Era in the US: Investigation into Critical Platform Ends
BitcoinWorld Tornado Cash Trial: Pivotal Moment for Crypto Money Laundering Cases Begins The cryptocurrency world is holding its breath as a pivotal legal battle unfolds in Manhattan. The Tornado Cash trial of co-founder Roman Storm has officially commenced, marking a significant moment for the digital asset space. This isn’t just about one individual; it’s a case that could fundamentally reshape how we view privacy, responsibility, and regulation in the decentralized finance (DeFi) ecosystem. For anyone invested in the future of crypto, understanding the intricacies of this trial is absolutely crucial. What’s at Stake in the Roman Storm Trial? On July 14, in a federal courtroom in Manhattan, the criminal trial of Roman Storm , one of the co-founders of the controversial crypto mixer Tornado Cash, began. The proceedings, expected to last four weeks, aim to determine whether Storm knowingly facilitated the laundering of over $1 billion in cryptocurrency for various cybercriminals. Among the most prominent alleged beneficiaries of this service is North Korea’s infamous Lazarus Group, a state-sponsored hacking collective. The charges against Storm are serious: conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Prosecutors allege that Storm, along with co-founder Roman Semenov (who remains at large), built and operated Tornado Cash in a way that deliberately evaded U.S. sanctions and anti-money laundering (AML) laws. The core argument centers on whether the developers of a decentralized protocol can be held legally responsible for its misuse by bad actors. Understanding Crypto Money Laundering and Mixers To grasp the gravity of the crypto money laundering charges, it’s essential to understand what crypto mixers are and why they’ve become a flashpoint for regulators. Crypto mixers, sometimes called tumblers, are services designed to obscure the origin and destination of digital assets. They work by pooling together various users’ funds and then distributing them in a randomized fashion, making it incredibly difficult to trace the original transaction path. Privacy vs. Anonymity: For legitimate users, mixers offer a layer of financial privacy, which is a core tenet of many blockchain enthusiasts. They might use a mixer to prevent their transaction history from being easily traced by third parties. Illicit Use: However, this same feature makes them highly attractive to criminals seeking to ‘clean’ illicitly obtained funds. Funds stolen from hacks, ransomware payments, or darknet market proceeds can be passed through a mixer to obfuscate their source. Tornado Cash’s Design: Tornado Cash was particularly popular because it was built as a non-custodial, smart contract-based mixer. This meant users retained control of their funds throughout the mixing process, and theoretically, no central entity could seize or freeze the assets. This decentralized nature is at the heart of the legal debate. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash in August 2022, alleging it had been used to launder more than $7 billion worth of virtual currency since its creation in 2019. This unprecedented move highlighted the government’s growing concern over crypto’s role in illicit finance. The Lazarus Group Crypto Connection: A Dark Alliance One of the most damning accusations in the trial is Tornado Cash’s alleged ties to the Lazarus Group Crypto activities. The Lazarus Group is a notorious North Korean state-sponsored cybercriminal organization, infamous for its sophisticated hacks and its role in funding the DPRK’s weapons programs. They have been linked to some of the largest cryptocurrency heists in history. Major Heists: The group is suspected of being behind the $625 million Ronin Bridge hack and the $100 million Harmony Horizon Bridge exploit, among others. These massive thefts generated vast sums of illicit cryptocurrency that needed to be laundered to become usable. Preferred Tool: According to prosecutors, Tornado Cash became the Lazarus Group’s go-to tool for washing these stolen funds. The sheer volume of transactions linked to the group passing through Tornado Cash is a central piece of the prosecution’s evidence. National Security Implications: The connection to a state-sponsored entity like Lazarus Group elevates the case beyond simple financial crime, touching upon national security concerns and the effectiveness of international sanctions. The prosecution will likely present evidence demonstrating how funds stolen by Lazarus Group flowed directly into Tornado Cash, and how, despite public warnings and sanctions, the developers allegedly failed to implement adequate controls to prevent such use. Decentralized Mixer Under Scrutiny: Implications for DeFi The decentralized mixer aspect of Tornado Cash is what makes this trial so impactful for the broader DeFi space. The core legal question revolves around developer responsibility for code that, once deployed, operates autonomously. Is a developer liable for how their code is used, especially if it’s designed to be censorship-resistant and permissionless? This case is forcing a difficult conversation: Code as Speech vs. Tool: Defense arguments may hinge on the idea that code is a form of speech and that creating a tool, even one that can be misused, shouldn’t be criminalized. Prosecutors, however, argue that when a tool is specifically designed or knowingly operated to facilitate illegal activities, its creators bear responsibility. Defining Decentralization: The trial will inevitably delve into what truly constitutes ‘decentralization.’ While Tornado Cash was designed to be non-custodial, prosecutors might argue that the developers still maintained a level of control or influence that made them responsible for its operations. Precedent for DeFi: The outcome will set a powerful precedent for other privacy-enhancing tools and decentralized applications. If developers can be held liable for the illicit use of their protocols, it could stifle innovation in areas like privacy, zero-knowledge proofs, and truly permissionless systems. Conversely, a verdict against Storm could signal a new era of increased developer accountability and a push for built-in compliance features in DeFi. The Balancing Act: Privacy, Innovation, and Regulation This trial underscores the ongoing tension between the crypto community’s desire for financial privacy and anonymity, and regulators’ mandates to combat illicit finance and enforce sanctions. While privacy is a fundamental right, its abuse by criminals poses significant challenges for law enforcement and national security. The crypto industry faces a critical juncture. Projects must increasingly navigate complex regulatory landscapes, balancing innovation with the need for robust anti-money laundering and know-your-customer (KYC) frameworks. The Storm trial is a stark reminder that the ‘wild west’ days of crypto are rapidly drawing to a close, ushering in an era of greater scrutiny and accountability. Looking Ahead: What Does This Mean for Crypto? Regardless of the verdict, the Tornado Cash trial will have lasting repercussions. A conviction could empower regulators to pursue similar cases against developers of other privacy-centric tools or even broader DeFi protocols. An acquittal, on the other hand, might embolden developers and reinforce the principle that building open-source code should not automatically equate to liability for its misuse. This case serves as a powerful cautionary tale and a call to action for the crypto community to proactively engage with policymakers, develop industry best practices, and find innovative solutions that uphold both privacy and security. The future of decentralized finance hangs in the balance as the legal system grapples with the complexities of digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance and its regulatory future. This post Tornado Cash Trial: Pivotal Moment for Crypto Money Laundering Cases Begins first appeared on BitcoinWorld and is written by Editorial Team
Traders pin their ETH price target at $3,400 as Ether treasury purchases and ETF inflows propel Ether price.
Venture capitalist Tim Draper challenges Bitcoin maximalism, advocating for broader innovation within the cryptocurrency ecosystem. Known for his early investments in tech giants, Draper emphasizes the importance of diverse blockchain
Crypto industry insiders so far expect the long-awaited House of Representatives bill to set up rules for U.S. crypto markets will garner at least 30 Democrat voters when it reaches time for a vote as soon as Wednesday afternoon, alongside the 220-member majority of Republicans in the chamber. Even as much of the sector prepares to celebrate one of its most consequential legislative wins, some in the industry still want to fix what they see as serious flaws in the Digital Asset Markets Clarity Act when it moves to the Senate. That may be an option, because crypto lobbyists have been advised by Senate contacts that the chamber expects to write its own bill, which will have some strong overlap with Clarity but may take different approaches in key areas. "After years of regulatory unclarity and regulation by enforcement, the Clarity Act passing the House will be a major and welcome step, even if it isn’t perfect," Chen Arad, co-founder and chief experience officer at Solidus Labs, said in a statement to CoinDesk. When the bill gets to the Senate, he said he'd expect more work on "jurisdictional clarity" between the regulators — the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC). Behind the scenes, in venues including group phone calls among crypto executives and their lawmakers allies, leaders have urged the diverse crypto crowd to show a united front on the legislation to finally establish U.S. regulations for the industry, according to people familiar with the discussions. But the decentralized finance (DeFi) arm of the digital assets space — for one — has had significant reservations about the wording of the Clarity Act. If the legislation passes with a bipartisan surge this week, it next heads to the Senate for consideration. House Republicans took to calling this "Crypto Week," and they're already moving on procedural votes Tuesday to tee up the more consequential bill votes, with the Clarity Act expected on Wednesday and the GENIUS Act on Thursday. President Donald Trump urged Republicans to get behind the crypto legislative push on Tuesday, boasting in a post on Truth Social that it's putting the U.S. ahead of foreign competitors in China and Europe. "We are leading the World, and will work hard with the Senate and the House to get even more Legislation on this passed!" Trump concluded. Senate do-over? The lengthy Clarity Act would establish a wholly new regulatory regime for oversight of the crypto markets, setting clear definitions for different types of digital assets and assigning the watchdog agencies to specific roles — most notably elevating the CFTC as a primary regulator of most of the crypto sector's trading, because its most popular asset (BTC) is a commodity. While Senate Banking Committee Chairman Tim Scott has said the Clarity Act will be a "strong template" for the Senate's work, the Senate demonstrated with the other major crypto bill, the stablecoin-regulating Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, that it may favor its own version. House lawmakers openly expressed concerns as recently as Monday night that details of their Clarity Act will be ignored by their Senate counterparts. Last week, the House acknowledged it would dump its own stablecoin bill in favor of the Senate version rather than try to reconcile the two pieces of legislation. Industry lobbyists have been eagerly awaiting the specific language of the Senate's own market structure bill, having so far only received a list of principles the key Republican lawmakers intended to follow in its drafting. As the lobbyists wait, the Senate Agriculture Committee — one of the two panels that needs to sign off on the legislation — is holding its opening hearing on the topic on Tuesday afternoon. Among the points of debate between the chambers may be the maturity test in the Clarity Act that would effectively draw a border delineating whether a project belongs under the securities jurisdiction (SEC) or commodities oversight (CFTC). "It's great that the bill encourages blockchains to decentralize," said Linda Jeng, founder and CEO of Digital Self Labs and an academic who has focused on crypto. "But there could be unintended consequences granting the SEC and CFTC with the authority to determine if a blockchain is 'mature.'" That's one of the central tenets of the Clarity Act, the method by which a project can eventually move into a decentralized status that pulls it out of the reach of securities regulation. And it's a component that some within the DeFi space argue isn't being handled fairly. DeFi insiders told CoinDesk that there's insufficient protection for self-custody of digital assets in the bill and that its maturity test would favor a few incumbent projects, making it harder for new entrants to compete. They also shared concerns about the need to make sure federal preemption over the patchwork of state rules is clear, and one executive called for expanding current language about exemptions for "digital commodity" transactions to be expanded to "digital assets," because DeFi projects would struggle if they were required to pre-determine whether each action did or didn't involve a commodity under the law's definition. When the Senate takes the reins, the chamber will be further deluged with crypto interests looking for such changes. And if it writes a different market structure bill, the House may be pressured to vote on that rewrite without making further changes, if the situation with the GENIUS Act repeats. Congress is already likely to press past Trump's initial August deadline for crypto legislation, and the president has been eager for results. In the end, even the Senate's work won't be the last word, because once a regulatory bill becomes law, the relevant watchdog agencies have to write their own rules to implement it — a complex process that can take more than a year to complete and longer to put it into effect. But the House has to act first before any of the rest can begin. House progress As the Clarity Act vote approaches, digital assets lobbyists are laser-focused on the number of Democrats that ultimately add their yes votes with Republicans. During last year's vote on the predecessor bill, the Financial Innovation and Technology for the 21st Century Act (FIT21), 71 Democrats threw their hats in, though the Senate never acted. This time, advocates hope for another big, bipartisan number that will give the Senate a hefty push on the House's market structure ideas. (The Senate's own GENIUS Act drew an impressive 68-30 approval in a chamber that's accustomed to scraping by with razor-thin votes.) House Democratic leaders have chosen not to erect a roadblock for their own members on this bill, so they'll be free to vote as they wish, said Rashan Colbert, the U.S. policy director for the Crypto Council for Innovation, noting it as an important development removing headwinds from crypto-friendly Democrats. "If we can get an overwhelming bipartisan vote here, then this clearly becomes a must-do priority," Colbert said in a CoinDesk interview. "If it's a disappointing number, then I think it becomes harder," he added.Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, has been trying to marshal a resistance to the bill. She has some prominent allies in the AFL-CIO and in the North American Securities Administrators Association , the organization of state-level securities regulators. Consumer advocates have also weighed in, with a coalition of them saying in a letter to Congress that the Clarity Act "guarantees the crypto industry will be given kid-glove treatment by captured regulators, putting investors and the economy at significant risk." Still, the industry is counting on a wide margin of Democrat support — especially from younger Democrats that have routinely bucked their leadership on crypto matters. "It was a long road to get here, and I think that it's not practical to believe that we're going to be able to spin up this type of momentum again," CCI's Colbert said. "For those who want regulation, this is an important moment to focus and be supportive of the process." Read More: House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday