According to @politico, the US Senate has advanced critical cryptocurrency regulation legislation, increasing regulatory clarity for Bitcoin, Ethereum, and other major digital assets. The bill aims to establish clearer trading rules and enhance compliance standards, which could lead to increased institutional participation in the crypto market. Analysts note that this regulatory progress is likely to reduce market uncertainty and impact short-term and long-term price action for leading cryptocurrencies (source: politico.com/live-updates/2024).