Bitcoin price pulled back on Friday, moving from a high of $97,770 on Thursday to the current $95,650. This retreat happened as crypto investors reacted to the stalled progress on the CLARITY Act in the Senate. This article explores why Bitcoin may still rebound in the near term.

CLARITY Act will likely pass despite the ongoing crisis 

The main reason why Bitcoin has pulled back in the past few days is that investors are concerned about US regulations after the Senate Banking Committee decided to pause the planned markup of the Market Structure Bill, commonly known as CLARITY.

The committee did that after Coinbase, the biggest crypto company in the United States, withdrew its support after the text was released. Coinbase’s primary concern is that the bill limits the rewards that companies in the industry offer their stablecoin users.

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US SENATE VOTING ON CLARITY ACT HAS BEEN CANCELLED 🚨

And most people don’t know the exact reason behind this.

Today, the Coinbase CEO said that they won’t support the Crypto Market Structure Bill.

And here are some reasons:

1) No yield on stablecoins

The Clarity Act will

12:00 PM · Jan 15, 2026

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