PANews reported on May 14 that, according to CoinDesk, the US Senate is expected to conduct a clause-by-clause review of the Clarity Act, a digital asset bill, on May 14. The latest draft bill proposes to prohibit stablecoin balances from paying interest, impose fines of up to $5 million on violations, and place the US Treasury Department on par with the SEC and CFTC as a rule-making body.

Despite high market attention and the submission of over 100 amendments, the Bitcoin options market has not yet significantly priced in event risk. Block Scholes data shows that implied volatility for short-term BTC options has fallen to around 30%, near its lowest point this year.

According to Can-Luca Köymen, investment strategist at Sygnum Bank, Bitcoin's status as a strategic asset allocation is strengthening as the regulatory framework progresses.

Furthermore, technical analysis shows that Bitcoin has broken below the short-term uptrend line formed since the April lows. CoinDesk analysis suggests that if selling pressure continues, the BTC price may face the risk of testing $75,000; the 200-day moving average around $82,000 remains a key resistance level.