Bitcoin and crypto industry can’t hold CLARITY Act bump as it heads to Senate
Summary
The CLARITY Act cleared the Senate Banking Committee 15-9 and now moves to the full Senate, triggering an initial rally in bitcoin, Coinbase, Circle and other crypto equities that quickly reversed. Bitcoin briefly hit $82,000 but fell back amid macro and geopolitical headwinds and substantial ETF outflows during the week. Legal and industry experts say CLARITY could codify bitcoin's non-security status and unlock slower institutional capital such as pensions and insurers, but important provisions and opposition (including from the American Bankers Association) remain unresolved. Several major crypto firms have paused IPO plans amid weak market appetite, and analysts caution the bill still faces hurdles before it can deliver sustained regulatory clarity.
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