- BTC briefly reclaimed $81,000 after the US Senate Banking Committee passed the CLARITY Act.
- XRP led major crypto gains with a 4.5% jump as traders priced in improving clarity.
- Crypto rallied despite weak equities, rising Treasury yields, and stronger oil prices.
Bitcoin moved back above $81,000 briefly on Friday as crypto markets pushed higher despite broad selling pressure across equities, bonds, and global risk assets.
The move followed the US Senate Banking Committee advancing the CLARITY Act in a 15-9 vote late Thursday. The bill is now moving toward a merger with the Senate Agriculture Committee’s crypto market structure proposal before heading to the full Senate floor.
Bitcoin traded near $80,800 during Asian trading hours, up 2.3% over the past 24 hours and 1.9% on the week. The recovery erased losses that followed Wednesday’s hotter producer price index data, which briefly pushed BTC to $79K.
XRP Outperforms as Traders Price in Regulatory Relief
XRP led gains among major cryptocurrencies. The token rose 4.5% to $1.49 and extended its seven-day gain to 7.6%, making it the strongest large-cap performer this week.
Dogecoin climbed 3% to $0.1159, while weekly gains reached 8.9%. BNB added 2% to trade near $681, and Solana rose 2% to around $91.
Markets reacted strongly to the CLARITY Act because the bill directly addresses how digital assets would be classified under US law.
One key section separates payment stablecoins from investment assets. Traders see that distinction as important for XRP and cross-border payment networks.
The rally also showed that traders are now willing to look past short-term macro weakness if regulatory conditions improve.
Senate Vote Marks Major Shift for Crypto Regulation
The Senate Banking Committee vote marked the first major bipartisan advance for crypto market structure legislation in months.
Committee Chairman Tim Scott secured support after allowing additional amendments back into the discussion late in the process. Democratic Senators Ruben Gallego and Angela Alsobrooks voted in favor of advancing the bill.
Meanwhile, Elizabeth Warren opposed the legislation and criticized the process during the hearing. Warren argued the bill mainly benefits the crypto industry and warned it could increase fraud risks inside the sector.
The committee also rejected a proposed ethics amendment that would have prohibited senior government officials and their families from owning or promoting crypto-related businesses.
The Senate will now merge the CLARITY Act with the Digital Commodity Intermediaries Act passed earlier by the Agriculture Committee. After that, the combined legislation moves to debate and a vote on the Senate floor.
If approved, the House of Representatives will still need to reconcile its own version before the bill reaches President Donald Trump for final approval.
Related: Bitcoin Reclaims $81K After $109 Million Long Liquidation Event
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