Bitcoin rips as CLARITY Act clears major Senate Committee hurdle, advances to the full Senate floor

Bitcoin surged back above $81,000 after the Senate Banking Committee voted to advance the Digital Asset Market CLARITY Act, clearing a major hurdle for the most comprehensive crypto regulation bill in US history. On May 14, the panel approved the legislation on bipartisan lines, sending the legislation to the full Senate floor. The successful markup caps ten months of painstaking negotiations and represents a monumen…