Bitcoin Climbs: Regulatory Uncertainty Threatens Market Stability Amidst Growing Institutional Interest

Bitcoin’s price continues to experience strong movement, reaching a new all-time high of $109,536 despite ongoing regulatory concerns. Senator Cynthia Lummis is calling for significant tax reforms within the crypto industry, arguing that current rules unfairly classify miners and developers as brokers under the Infrastructure Investment and Jobs Act, leading to excessive reporting requirements. While this push for clarity has fueled excitement in institutional circles, analysts caution that market gains may be short-lived without policy stability.