Bitcoin dips to $77k, Trump faces obstacles to profits with the 《CLARITY Act》 legislative process

Bitcoin (BTC) fell to $76,998.51 on April 28, failing to effectively break through the $79,000 resistance level. According to market data, 24-hour trading volume rose to $40 billion, and long position liquidations reached $107.1 million in a single day. One of the key macro backdrops for the market decline was that the U.S. “Clarity for Digital Asset Markets Act” (the CLARITY Act) stalled in the Senate amid controversy over ethical provisions.

Controversy Over Ethical Provisions in the “CLARITY Act”

According to CoinDesk, the CLARITY Act has been blocked in the Senate Banking Committee since January 2026 due to a dispute involving yield-bearing stablecoins. According to the latest developments, the main obstacle has now shifted to ethical provisions—rules that would restrict President Trump and other executive-branch officials from holding or profiting from related cryptocurrencies. Critics estimate that the value of cryptocurrency businesses connected to the Trump family exceeds $1 billion.

Republican Senator Tom Tillis has publicly said that he will oppose the bill if it does not include conflict-of-interest rules. Democrats said they will not support any final version unless an agreement is reached on the ethical provisions. Within the Republican Party, there are disagreements over the scope of the restrictive provisions and whether they are overly targeted at Trump.

The Senate Banking Committee had previously, informally, targeted late April or early May for review, but the timeline has been pushed back. Galaxy Digital’s research head Alex Thorn estimates the probability of the CLARITY Act being passed in 2026 at about 50%, while recent data related to prediction markets is close to 40%.

According to CoinDesk, President Trump has said that getting the CLARITY Act passed is a top priority for his administration.

Market Data for April 27

According to market data, after Bitcoin was rejected in the resistance zone of $79,000 to $79,500, it pulled back. 24-hour trading volume rose by about 122.85%, long position liquidations reached $107.1 million, and the funding rate turned negative.

Iran Developments and Oil Price Dynamics

According to a public statement to the media from White House press secretary Carolyn Leavitt on April 27 (Monday), Trump convened national security officials to discuss Iran’s latest proposal. Leavitt said Trump would “soon” address the matter publicly and noted that Trump’s “red lines” on the Iran issue are “very clear.” On the same day, Iran’s foreign minister Araghchi said during a visit to Moscow that Iran is committed to strengthening its partnership with Russia.

According to market data, Brent crude has risen for the sixth consecutive trading day. In the New York afternoon session on April 27, it broke above $108 per barrel, and U.S. crude rose to above $96 per barrel.

Frequently Asked Questions

What Were Bitcoin’s Quote and Long Liquidation Scale on April 27?

According to market data, on April 27, 2026, Bitcoin fell to $76,998.51 after briefly touching $79,000. 24-hour long position liquidations surged by more than 3,600% to $107.1 million, and the total cryptocurrency market capitalization fell by 1.7%.

What Is the Main Reason the “CLARITY Act” Is Currently Blocked?

According to CoinDesk, the CLARITY Act’s current main obstacle is ethical provisions—rules restricting administrative officials from holding or profiting from cryptocurrencies. Republican Senator Tillis has threatened to oppose the bill if conflict-of-interest rules are not included, and Democrats have also called for an agreement on the ethical provisions. The Senate’s targeted review timeframe has been delayed from late April.

What Probability Assessment Does Galaxy Digital Have for the CLARITY Act Passing in 2026?

According to reports, Alex Thorn, research head at Galaxy Digital, estimates the probability of the CLARITY Act being approved in 2026 at about 50%, while recent prediction-market-related data is close to 40%.