The powerhouses are working on laws to further crypto adoption.

[Ucy]

The Nations are passing laws that will likely draw their people into a system that contradicts Bitcoin ideals. It's about protecting their own interest rather than the interest of true cryptocurrency like Bitcoin.
So, this isn't really bullish sign since the laws won't be encouraging development on crypto ideals such as decentralization, self-custody, transparency, immutability, censorship resistant, trustlessness, permissionless, privacy, deflation, etc.  If you carefully consider what the laws seek to achieve you will probably realize that they will be contrary to all the ideals listed above, which are where the value of Bitcoin lies. It will encourage the spread of exchanges or platforms that wont be decentralized, transparent, self-custodial, censorship resistant, trustless, privacy-friendly and could aswell be used to print fake bitcoins/satoshis to users.

When checking for bullish signs, you should look out for fundamentals that are tied to the ideals rather than those that contradict them. The values are in the ideals, and building on them is what makes Bitcoin more valuable or bullish.

[Coyster]

These laws are geared towards cryptocurrency regulation, they seek to establish clear regulatory frameworks that individuals and firms can follow. And a lot of people would argue that regulations does not transcend to adoption. For example, a part of the Russian crypto bill legalizes crypto as a means of payment, but only for international transactions, but still prohibits its use as a payment method locally. So i guess that is in a bid for them to evade sanctions to a certain level.

[Zlantann]

These laws are geared towards cryptocurrency regulation, they seek to establish clear regulatory frameworks that individuals and firms can follow. And a lot of people would argue that regulations does not transcend to adoption. For example, a part of the Russian crypto bill legalizes crypto as a means of payment, but only for international transactions, but still prohibits its use as a payment method locally. So i guess that is in a bid for them to evade sanctions to a certain level.

The law is designed to centralize all forms of crypto businesses. All crypto exchanges must be registered and also meet certain requirements. To those who want to enjoy privacy, this is a big problem. Allowing Russians to use it for international trade is to enable them to bypass Western-controlled payment systems like SWIFT.

The law has its shortcomings, like promoting centralization, but it might increase crypto adoption. Many people would only use or buy an asset when the government approves it. Some people wouldn't have gotten involved in Bitcoin if not for ETFs and other services.

[YOSHIE]

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Yes, it is positive for them and not for the common people, we understand that regulations or laws benefit them, they currently have power over the global economy, not for investors, pressure after pressure keeps coming one after another, if they don't comply with the regulations they have made.

In short, what can we do if the price of Bitcoin is adopted on a large scale, automatically the price will soar high, perhaps breaking to the $1 million level, can we afford to buy it again, the answer is no, meaning whoever is in charge, they are the ones who are profitable and have an impact. positive.

[Cryptomultiplier]

These laws are geared towards cryptocurrency regulation, they seek to establish clear regulatory frameworks that individuals and firms can follow. And a lot of people would argue that regulations does not transcend to adoption. For example, a part of the Russian crypto bill legalizes crypto as a means of payment, but only for international transactions, but still prohibits its use as a payment method locally. So i guess that is in a bid for them to evade sanctions to a certain level.

The law is designed to centralize all forms of crypto businesses. All crypto exchanges must be registered and also meet certain requirements. To those who want to enjoy privacy, this is a big problem. Allowing Russians to use it for international trade is to enable them to bypass Western-controlled payment systems like SWIFT.

The law has its shortcomings, like promoting centralization, but it might increase crypto adoption. Many people would only use or buy an asset when the government approves it. Some people wouldn't have gotten involved in Bitcoin if not for ETFs and other services.

Centralization is ultimately the goal for many of these powerhouse countries now turning around to create laws and policies that support and encourage the use of cryptocurrency for transactions and other purposes.
 This would also make decentralization become more like a crime if caught by the government in these countries and we could see a lot of investors have their crypto currencies seized or face serious consequences for not adopting the centralized systems that is now being enforced before using crypto currencies in these countries.

There may be more adoption of cryptocurrency in these powerhouse countries when they accept centralization, but am sure the way Bitcoin is being applied and used now, will be affected massively.

[Clement Kaliyar]

The Nations are passing laws that will likely draw their people into a system that contradicts Bitcoin ideals. It's about protecting their own interest rather than the interest of true cryptocurrency like Bitcoin.

Once the market becomes mainstream there is no going back and we already expected regulations and other government mercenaries trying their best to centralized the market.

So, this isn't really bullish sign since the laws won't be encouraging development on crypto ideals such as decentralization, self-custody, transparency, immutability, censorship resistant, trustlessness, permissionless, privacy, deflation, etc.  If you carefully consider what the laws seek to achieve you will probably realize that they will be contrary to all the ideals listed above, which are where the value of Bitcoin lies. It will encourage the spread of exchanges or platforms that wont be decentralized, transparent, self-custodial, censorship resistant, trustless, privacy-friendly and could aswell be used to print fake bitcoins/satoshis to users.

There are countries asking their tax payers to declare their cryptocurrency assets and levying higher tax which is against the core of the entire movement. Right now we have ETF, futures and derivatives which are settled in cash or stable currencies rather than actual BTCitcoin. 

When checking for bullish signs, you should look out for fundamentals that are tied to the ideals rather than those that contradict them. The values are in the ideals, and building on them is what makes Bitcoin more valuable or bullish.

With the entry of institutional investors things have changed, the idea of getting ETF and institutional investment was considered bullish nearly a decade ago and everyone was excited to see those developments and we are now at the culmination of control by the government which were encouraged a decade ago.