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Bitcoin reaches an eleven-day high at $86,000, influenced by Trump's tariff relief. Traders caution against the price breakout's trustworthiness amid low volume and weekend volatility.
Senator Tim Scott anticipates passing a crypto market structure bill by August 2025, emphasizing innovation before regulation in the digital asset space.
A draft bill, titled 'Clean Cloud Act', requires crypto miners to reduce emissions or face fines. Companies leasing data center space may also be held accountable for emissions and reporting.
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