Hagerty: Crypto Bill Passage from Committee in April – Good News

Senator Hagerty’s Vanderbilt Summit Statements

US Senate Banking Committee member Bill Hagerty stated at the Digital Assets and Emerging Technology Policy Summit held at Vanderbilt University that the digital asset market structure legislation will progress in the coming weeks. He expressed that together with his Republican colleagues, they will begin discussing the bill in the Banking Committee next week. Hagerty emphasized that he expects it to pass out of the committee in April and that the remaining issues are surmountable. Previously known as the CLARITY Act and passed by the House of Representatives in July, the bill aims to provide a comprehensive framework for the cryptocurrency market; it will largely shift oversight from the SEC to the CFTC.

Reasons for the Bill’s Delay and Committee Process

The bill’s delay stemmed from government shutdowns, stablecoin yields, and ethical concerns. The Senate Agriculture Committee advanced its own version in January, but tokenized stocks and other issues delayed discussions in the Banking Committee. Coinbase Chief Legal Officer Paul Grewal also said they are close to an agreement. These developments carry a promise of clarity for the market.

ALT Technical Analysis: Market Reaction and Levels

In light of the news, examining the ALT detailed analysis, ALT price is trading at the $0.01 level; 24-hour change +%4.09. RSI at 42.22 is in the neutral zone, overall trend is downward and Supertrend gives a bearish signal. EMA 20: $0.0066. Strong supports: S1 $0.0061 (75/100 ⭐ STRONG, -%4.24 distance), S2 $0.0057 (66/100 ⭐ STRONG). Resistances: R1 $0.0064 (68/100 ⭐ STRONG, +%0.47), R2 $0.0071 (62/100 ⭐ STRONG). Investors should monitor these levels for ALT futures; bill progress could be an upward catalyst.

Crypto PAC Strategy Before the 2026 Midterm Elections

Hagerty stated that he hopes to complete the bill before the 2026 midterm elections; crypto-backed PACs like Fairshake and Fellowship plan to be influential in the elections. This increases expectations for regulatory relief for the sector.