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  • Crypto Pulse Daily: U.S. Senate Delays Crypto Market Bill Again, Markup Pushed to Late January

Crypto Pulse Daily: U.S. Senate Delays Crypto Market Bill Again, Markup Pushed to Late January

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Charles Hoskinson, the founder of Cardano, has criticized President Trump for the slow progress of the U.S. crypto bills. He connected the hurdle in the progress with the memecoins. This includes those launched immediately after President Trump won the election.

The momentum that had been building regarding the US crypto market bill has now stalled once again. The Senate lawmakers have decided to postpone their bill markup schedules from this Thursday to the last part of January.

Pi Coin price continues to trade within a tight consolidation after an extended distribution phase, reflecting balance rather than recovery. The price behavior appears  as Pi Network price absorbs ongoing Mainnet migration, which steadily expands circulating supply. While the network is developing, there is low demand reaction in the price action at present levels.

The stock market fluctuated on Tuesday as Wall Street digested news of a criminal investigation into Federal Reserve Chair Jerome Powell. 

The S&P 500 price moved close to the flat with uncertainty among investors regarding central bank independence. Whereas traditional indexes were stable, crypto stocks, such as MSTR, Metaplanet, and S&P 500 price action, were of particular interest.