Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet
Cryptocurrency markets rallied sharply on Thursday after the Senate Banking Committee delivered a major win for the industry by advancing the long-anticipated CLARITY Act. The market reaction was visible across the largest coins: Bitcoin (BTC) jumped to $81,899 at the time of writing, representing about a 2.7% gain, while XRP led among the top ten cryptocurrencies, surging above $1.50 with gains of more than 6%—a level not seen since March of this year. Even with the momentum, the bill is still not law, and it faces multiple political and procedural hurdles before it can be finalized.....
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The long-awaited CLARITY Act is nearing a major turning point in Washington, with the Senate Banking Committee scheduled to hold its long-delayed markup on Thursday, May 14. The bill’s path has already included significant setbacks. After major disputes emerged earlier in the year—when the committee first postponed action—the markup was pushed back following extended battles […]
The CLARITY Act has cleared one of its biggest political bottlenecks after the final rewards language in the bill was made public, giving the crypto industry a compromise it can live with and lawmakers a clearer path to move the broader market structure bill forward. The compromise matters especially for crypto exchange Coinbase, with Coinbase […]