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U.S. Senate leaders aim to pass a cryptocurrency regulation bill by the end of the year. Senate Majority Leader Chuck Schumer emphasized the importance of balancing innovation with reasonable regulations, which could have significant implications for the crypto market  .

At the same time, the market remains volatile, with over 7 million Bitcoin addresses currently at a loss. However, optimism persists as Bitcoin has climbed back above the $60,000 mark

The intersection of innovation and regulation in the cryptocurrency market is crucial for its sustainable growth. Striking a balance will be key in shaping its future amidst market volatility.