Democrats in the US Congress hold Round Table on Cryptocurrency on October 22

[Igor Pereira]

Good night, traders.

A critical event for the future of the cryptocurrency market has just been announced, and all eyes must be turned to Washington. In October 22nd, Democratic legislators of the USA will hold a round table focused exclusively on cryptocurrency.

My Analysis (Igor Pereira): What to Wait for and Why Is Important

This event is of paramount importance for several reasons:

1. Regular Pressure Increase Signal: The holding of a round table by legislators of one of the largest parties in the USA indicates that the regulatory scrutiny of the cryptoactive sector is intensifying. It is not a casual debate, but an orchestrated movement to discuss the future of legislation.

2. Political Influence: Democrats have advocated a more cautious and regulatory approach to cryptocurrency, focusing on consumer protection, financial stability and combating illicit activities. Their discussions can shape the future legislative agenda and influence the posture of organs such as the SEC and the Treasury.

3. Potential for Volatility: Depending on the tone and conclusions of this round table, the cryptocurrency market, including Bitcoin (BTC/USD), can experience significant volatility. Statements that signal stricter regulations can generate sales pressure, while a more conciliatory or innovation-focused approach can bring relief.

4. Crypto vs. Gold: In the context of our previous analysis of the gold threat to Bitcoin, any sign of increased regulatory uncertainty in the US can reinforce the perception that, for capital protection, gold offers superior regulatory (and fiduciary) stability compared to digital assets.

Conclusion:

Mark your calendars. October 22nd will be a key moment to understand the direction American crypt policy can take. Be prepared for the potential impact on Bitcoin price and other digital assets. The age of regulation is advancing, and the market needs to be vigilant.