Bitcoin at $71,000 and the CLARITY Act at a fork: Today Congress holds historic hearings on tokenization
💬 Today, the US House Financial Services Committee is holding a special hearing on asset tokenization for the first time in history. The RWA market has exceeded $12 billion. The CLARITY Act is approaching its end.
Tuesday, March 25th is a day the industry has been waiting for for months. The US House Financial Services Committee is holding a special hearing on the tokenization of real assets – the first such event at the Congressional level. At the same time, the Senate Banking Committee is meeting with representatives of the crypto industry to discuss the compromise on stablecoin rates that unblocked the CLARITY Act last week. Tomorrow representatives of banks will come to the same negotiations.
Bitcoin is trading around $71,000. The market has stabilized after the shocks of the FOMC week: Fear & The Greed Index remains in the Extreme Fear zone at 23, but whale activity has recovered. Bitcoin ETFs recorded net inflows for the third day in a row. The geopolitical backdrop remains troubling – the Iranian conflict continues – but oil has pulled back from its peaks, reducing inflationary pressure on markets.
Three main topics of the week
- First, Morgan Stanley filed a second S-1 for a Bitcoin ETF under the ticker MSBT: the first-ever Bitcoin fund from a major US bank rather than an asset manager. More details in the second news.
- Second, the crypto industry is experiencing the largest wave of layoffs since 2023: 450+ positions eliminated in a few weeks at Algorand, Gemini, Crypto.com, OP Labs and Messari.
- The third is today’s hearings on the CLARITY Act and tokenization: this is where the legislative foundation for the next cycle is born.
What’s happening now with the CLARITY Act
Last week, crypto and banks reached a compromise on a key disagreement: stablecoin rates. Details are still classified. But a new complication has arisen: Senate Republicans are discussing joining the CLARITY Act with a bill to deregulate small business banks. Senator Cynthia Lummis, after a closed meeting with the White House crypto adviser, described the situation as “tender” – progress is being made, but consensus is fragile.
📌 Key facts
▸ BTC: ~$71,000 | Fear & Greed: 23 – “Extreme Fear”
▸ Today: Financial Services Committee Hearing on Tokenization + RWA > $12 billion
▸ CLARITY Act: a compromise on stablecoin rates has been reached; new complication – banking deregulatory package
▸ Polymarket: 72% probability of adoption of the CLARITY Act in 2026
▸ PARTI: the largest unlock of the day – 19.86% of the float (in monetary terms – significant)
▸ ETF inflows: third day in a row in positive territory after FOMC week
What does this mean for the cryptocurrency market
Today’s two events – the tokenization hearings and the CLARITY Act negotiations – provide the legislative infrastructure for the next bull cycle. The adoption of the law will not happen tomorrow, but every day of negotiations brings the market closer to the moment when institutional capital will receive the legal basis for full entry. With a 72% probability on Polymarket and the RWA market of $12 billion, the question is no longer “whether there will be a law,” but “when.”
⚠️ The material is for informational purposes only and is not an investment recommendation.
The crypto market isn't just about numbers—it's a complex ecosystem where politics, technology, and economics intertwine. In my news coverage, I strive not merely to recount events, but to analyze their real impact on the market. My goal is to make cryptocurrency news clear, accessible, and objective.
