Ethereum (ETH) gained 1.82% on July 18 following comments from Bryan Steil, Chair of the US House Administration Committee, who indicated the CLARITY Act could be approved as soon as next week.
The legislation aims to classify Ethereum as a digital commodity, potentially enhancing demand from both retail and institutional investors.
If passed, this move would establish clearer regulatory status for ETH, distinguishing it from securities and reducing legal uncertainty.
Market participants are watching closely since the bill's approval could affect Ethereum's adoption and trading dynamics significantly.
