Bitcoin briefly surged to $81,000 following the US Senate Banking Committee's approval of the CLARITY Act, marking a significant step in crypto regulation. The bill, passed with a 15-9 vote, aims to clarify digital asset classifications and will merge with the Senate Agriculture Committee's proposal before a full Senate vote. Despite broader market pressures, Bitcoin rose 2.3% in 24 hours, erasing losses from earlier in the week.
XRP led the crypto rally, jumping 4.5% to $1.49, extending its weekly gain to 7.6%. The market reacted positively to the CLARITY Act, which distinguishes payment stablecoins from investment assets, a move seen as beneficial for XRP and similar networks. Other cryptocurrencies like Dogecoin and BNB also posted gains, reflecting optimism over potential regulatory relief.
Bitcoin Surges to $81K as Senate Advances CLARITY Act
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