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🇹🇿Oh my goodness! Another African country is again setting “rules” for crypto 🐮🚀!
Tanzania’s central bank governor, Emmanuel Tutuba, has just made his remarks—digital asset regulatory laws and regulations have entered the final stages of being formulated, and cryptocurrencies and stablecoins are both to be brought under regulatory oversight.
Tanzania is not playing around this time. The regulatory sandbox has already been put in place, and it has also authorized tests of stablecoins that are pegged to the country’s shilling.
From “strict regulation” to “building a framework,” the regulatory stance is undergoing a major shift. Put simply—there will be rules first, and only then will money dare to come in.
📊 Take another look at the chart: $BTC
Latest 64,080—after breaking below 64,000, it rebounded slightly;
$ETH
1,875—down 3.13% over 24 hours. RSI(6) is only 23.86, already in the oversold zone. The lower Bollinger Band is 1,871—just about there.
This round for Ethereum has definitely been hammered pretty hard.
🕰️ On the timing front: tomorrow (July 17), the U.S. House of Representatives will hold a CLARITY Act hearing. Trump also plans to meet with senators today to discuss it. The Senate will recess on August 7, so the window isn’t much. If the bill passes and regulatory clarity comes through, institutional funds will finally dare to enter for real.
🧠 To be real—both BTC and ETH are currently waiting for a clear direction. Before the news lands, they will most likely keep trading in a range. But once results come out, no matter whether they’re good or bad, volatility won’t be small. Position management matters more than guessing the direction—don’t go all-in.
What do you think? Will the hearing pass tomorrow? Can tonight’s “big cake” hold at 64,000? Share your take in the comments 👇
#夏日创作营