Senators File Crypto Restriction Amendments

Senator Jack Reed drops a bombshell amendment prohibiting crypto from serving as legal tender, explicitly blocking its use for paying taxes—directly countering Rep. Warren Davidson's bill last year that pushed for BTC tax payments. Meanwhile, Senator Elizabeth Warren unleashes over 40 amendments, including one barring the Federal Reserve from granting master accounts to crypto companies, escalating the regulatory squeeze on the sector. This comes as Senators Reed and Tina Smith force a tough choice between crypto and banks via changes to stablecoin yield restrictions, setting up a brutal vote for bank-aligned Republicans ahead of Thursday's markup.

Zooming into the 4-hour BTC chart, price action clings to $81,062.73 within a bullish trend structure, where the EMA50 at $80,501.47 acts as immediate support and the EMA200 at $76,805.77 reinforces longer-term bullish conviction. Momentum sits neutral with RSI(14) at 51.98, but the MACD(12,26) flashing a bearish death cross at 55.42 signals potential exhaustion—price trades inside the Bollinger Bands, testing upper resistance at $82,036.09 while lower support at $80,113.92 looms as a confluence zone for buyers. If volatility spikes, expect a tactical pullback to that EMA50 level before resuming the uptrend, especially with broader crypto regulation risks amplifying swings in BTC price prediction scenarios and potential crypto market crash triggers.