Altcoin Rally Hinges on March 1 Regulatory Deadline

The cryptocurrency market has been eagerly awaiting the outcome of the regulatory movement in Washington, with one date looming large: March 1.

The White House has set a deadline for resolving the stablecoin rewards dispute, which has been holding up the Clarity Act. This bill aims to create clearer rules for crypto in the United States and has an estimated 83% chance of being signed into law by 2026, according to prediction markets.

Ripple CEO Brad Garlinghouse believes there is an 80-90% chance the bill passes by April, which could bring much-needed clarity to the market. The stablecoin rewards dispute has been a major point of contention between banks and crypto firms.