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Gate Daily (August 20): Bitcoin Depth retracement to $113,000; Tether hires former White House crypto chief; RLUSD and USD1 receive institutional support.
Bitcoin (BTC) has experienced a deep pullback, temporarily reported around 113,110 USD on August 20. Key Republican senators anticipate that the Democrats will support the Digital Asset Market Clarification Act (CLARITY Act). Former White House cryptocurrency director Bo Hines serves as an advisor to Tether, promoting a strategy for expansion into the United States. Ripple's RLUSD and the USD1 linked to Trump are used for the bullish 1.1 billion USD IPO settlement.
USD1-0.06%
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