Bitcoin Price Nears $82K AS STRC Tops $1 Billion In Volume

"Bitcoin price extended its rebound on Thursday as a landmark U.S. crypto bill cleared a key Senate hurdle and Bitcoin‑linked credit products logged fresh milestones. Bitcoin price traded near $81,400 with intraday highs around $82,000, up more than 3% over the past 24 hours on more than $1 billion in spot trading volume."

"The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15-9 vote, with Sens. Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joining all 13 Republicans. The bill, known as H.R. 3633, seeks a federal framework for digital asset trading, stablecoins and intermediaries, splitting oversight between the SEC and CFTC and setting registration, disclosure and compliance rules for exchanges, brokers and custodians."

"Chair Tim Scott described the markup as a turning point after years in which crypto firms faced a "regulatory gray zone" under rules built for earlier markets, and framed the bill as a way to keep innovation inside the United States while tightening controls on criminal use of digital assets. Sen. Cynthia Lummis, who leads the committee's digital assets panel, called the Clarity Act the hardest bill of her career and "a case of first impression" for fitting new software‑based assets into existing financial law."

"Ranking Member Elizabeth Warren led the opposition and argued that the bill weakens securities protections, preempts state anti‑fraud rules and lets banks build large crypto exposures, which she linked to pre‑2008 risk patterns. She said the framework "declares open season" on consumers and labeled it "industry‑written" and "not ready," while allies raised ethics and national‑security concerns tied to President Donald Trump's crypto businesses, mixers and stablecoins."

Bitcoin traded near $81,400 with intraday highs around $82,000, rising more than 3% over 24 hours on over $1 billion in spot trading volume. The Senate Banking Committee advanced the Digital Asset Market Clarity Act, H.R. 3633, by a 15-9 vote. The bill would create a federal framework for digital asset trading, stablecoins, and intermediaries, splitting oversight between the SEC and CFTC. It sets registration, disclosure, and compliance rules for exchanges, brokers, and custodians. Tim Scott called the markup a turning point from a regulatory gray zone and said it would keep innovation in the United States while tightening controls on criminal use. Cynthia Lummis said it was the hardest bill of her career and a first-of-its-kind fit of software-based assets into existing financial law. Elizabeth Warren opposed it, arguing it weakens securities protections, preempts state anti-fraud rules, and enables banks to build large crypto exposures.

Read at Bitcoin Magazine