As became known yesterday, the CLARITY bill — designed to set clear rules for crypto regulation in the United States — has hit another obstacle. The vote on the draft, originally scheduled for April, is now likely to be postponed until May. Legislators cite insufficient time to thoroughly review all aspects of the bill.

Senator Tom Tillis, one of the key participants in the process, said it is not feasible to complete all required procedures during the current April session of the banking committee, including debate and a final vote. According to him, the parties need more time to reach a compromise, especially on the issue of stablecoin yields — one of the most contentious and technical elements of the proposed regulation.

Senator Bernie Moreno voiced particular concern about further delay, warning that if CLARITY is not adopted by May, the development of comprehensive digital?asset regulation in the US could be delayed indefinitely. That would create long-term uncertainty for market participants, investors and developers, slowing innovation and potentially forfeiting opportunities to grow the American digital finance industry.

So far, there has been little market reaction to the news; Bitcoin and Ether, after yesterday's strong gains, are eyeing fresh monthly highs.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $76,500, which would open a direct path to $78,400 and then to $80,100. The longer-term target is the high near $83,100; a break above that would signal an attempt to return to a bull market. On a pullback, I expect buyers at $75,000. A drop back below that area could quickly push BTC toward $73,100, with a further target around $71,400.

Ethereum

A clear close above $2,382 would open a direct path to $2,475. The further target is the high near $2,585; a break above that would strengthen bullish sentiment and revive buyer interest. On the downside, I expect buyers at $2,300. A return below that area could quickly push ETH toward $2,244, with a further target around $2,162.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.