XRP, DOGE surge 5%, bitcoin above $81,000 as CLARITY Act clears Senate banking panel
Crypto majors bid higher Friday after the Digital Asset Market Clarity Act cleared the Senate Banking Committee in a 15-9 bipartisan vote, with XRP and dogecoin leading the cohort even as broader risk assets sold off on Trump's comments that the US does not need to reopen the Strait of Hormuz....
Key takeaways
- 1Digital Asset Market Clarity Act passed Senate Banking Committee with 15-9 bipartisan vote.
- 2XRP and DOGE surged 5% as Bitcoin climbed above $81,000 Friday.
- 3Crypto gains occurred despite broader risk asset selloff from Trump's geopolitical comments.
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Why it matters
Regulatory clarity from the CLARITY Act could legitimize crypto markets for Indian retail investors. Bitcoin's strength above $81,000 signals sustained institutional confidence despite macroeconomic headwinds.
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