Regulation's Two Lanes Split a Volatile Crypto Week

If you watched only the price tape, this looked like a quiet week for crypto. Bitcoin slipped, defended a familiar floor, then recovered to sit just above $77,000 by Friday, and the broader market tacked on roughly 2 percent in total value. The real story sat one layer below the price action, in Washington and at the Federal Reserve, where two entirely separate tracks of the regulatory and monetary agenda moved in opposite directions on the same two days. One track advanced, one stalled, and the gap between them tells you more about where this market is headed over the next year than any single candle does.

Key Takeaways The Senate fell three votes short of the 60 needed to advance the Digita…