According to CoinMeta, Citibank stated that the U.S. Senate failed to advance the clarity legislation into formal consideration, allowing Bitcoin to maintain its strength. The obstruction of legislation limits the possibility of CFTC obtaining more comprehensive regulatory authority over the crypto market in the short term, but SEC can still proceed with the formulation of some rules based on existing authorities. Subsequent attention will focus on the actual implementation pace of SEC regarding trading, tokenized assets, and market access rules. The macroeconomic environment remains a variable affecting Bitcoin's rebound; if AI investment continues to support growth and employment and wage pressures remain, interest rates face the risk of rising. Citibank views Bitcoin breaking above its medium-term moving average as a sign of a warming risk appetite.