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Foresight News reported that renowned Silicon Valley investor and bitcoin advocate Tim Draper recently stated on "TheStreet Roundtable" program that declining confidence in fiat currency may eventually drive businesses and consumers to turn to bitcoin. "People will get tired of watching the dollar depreciate, from $1 to 90 cents, 80 cents, 70 cents, and eventually rapidly heading toward zero. When that tipping point arrives, businesses may quickly reconsider their payment methods. For example, if I'm a retailer, the first thing I would do is put up a sign saying 'Bitcoin Accepted Here'."

ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear and Greed Index is 15, up 1 point from yesterday. The 7-day average is 13, and the 30-day average is 11.

Odaily reported that French Hill, Chairman of the U.S. House Financial Services Committee, stated that the CLARITY Act is expected to address some regulatory issues not yet covered by the GENIUS Act. In an interview, Hill mentioned that the banking industry still has concerns about the proposed crypto regulatory framework, particularly regarding how crypto companies might be regulated in the future. Hill pointed out that the House passed the CLARITY Act last summer with bipartisan support, including 78 Democratic members voting in favor. This act is part of Washington's efforts to establish a regulatory system for digital assets, aiming to clarify how stablecoins and other digital assets operate within the U.S. financial markets. Additionally, policymakers are discussing whether crypto companies should be subject to the same level of regulation as banks. Hill stated that both parties have reached consensus on a key principle: stablecoins should not pay yields to holders, which is also a core issue discussed around the GENIUS Act.