A new draft of the proposed Clarity Act, led by U.S. Senator Thom Tillis (R-SC) alongside Senator Angela Alsobrooks (D-MY), is expected this week as lawmakers attempt to resolve a growing regulatory dispute over stablecoin rewards.

Core Disagreement Over Stablecoin Yield

The legislation aims to address a long-standing conflict between traditional banking institutions and crypto companies over whether stablecoin holders should be allowed to earn yield or interest, The Block reported.

Earlier legislation, including the GENIUS Act, prohibits stablecoin issuers from directly paying interest to holders but leaves a regulatory gray area. It does not explicitly ban third-party platforms, such as…

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The IRS Crackdown

The Internal Revenue Service is stepping up its crackdown on crypto tax evasion as the April 15 filing deadline approaches.

“This year, we are seeing the IRS clampdown on crypto tax evasion more than ever before,” Andrew Duca, founder of tax platform Awaken Tax, told DL News. 

“The IRS’s Criminal Investigation division is going after crypto cases more and more,” he added.

The Coinbase and CoinTracker report described an “environment of high compliance intent but low functional understanding.” 

Meanwhile, Duca reports that 52% of U.S. crypto investors worry they will file their crypto taxes incorrectly this year and face an IRS penalty.

“There have been so…

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Bitcoin (CRYPTO: BTC) has broken above the descending channel that defined the bear trend, yet U.S. spot ETFs bled $291.11 million on April 13 as institutions pull back.

BTC’s Technical Breakout

Bitcoin now tests the 100 EMA at $75,275—the first major EMA test since the breakdown began.

The SAR at $68,721 sits comfortably below, keeping the daily signal bullish. 

The 20 EMA at $70,826 and 50 EMA at $71,005 both sit beneath price and are beginning to slope upward—the first time this alignment has appeared since the peak.

Key support sits at $71,005 (50 EMA), then $70,826 (20 EMA), then $68,721 (SAR). Resistance clusters at $75,275 (100 EMA), then $80,000, then $83,218 (200 EMA).

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Bitcoin jumped above $74,000 as liquidations stand at $545.67 million over the past 24 hours.   

Bitcoin ETFs saw $291.1 million in net outflows on Monday, while Ethereum ETFs reported $9.44 million in net inflows.  

Meme coin market capitalization is down 3.6% over the past 24 hours at $35.4 billion

Trader Commentary:   

Michael van de Poppe said Bitcoin is consolidating near $75,000 and preparing for a potential retest of recent highs. A decisive breakout above this level could push prices toward $80,000–$85,000, particularly if $72,000 holds as support. If Bitcoin moves higher, altcoins could outperform with 2x-3x the gains.

Trader Jackis noted that Ethereum has already broken…

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A cryptocurrency analyst identified $43,647 as Bitcoin’s (CRYPTO: BTC) “extreme pain” threshold where sellers would be fully exhausted.

Will Weak Hands Exit If This Support Breaks?

Ali Martinez took to X to share their insights on Bitcoin’s current market status.

They referred to the Market Value to Realized Value 0.8 band as the “Average Receipt” for the entire market. These pricing bands use statistical deviation from the Market Value to Realized Value ratio’s all-time average to identify potential market tops and bottoms.

“Currently at $43,647, this level represents total seller exhaustion,” Martinez stated. “When the market price drops below the average cost basis…

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