Bitcoin Price Today: Token Surpasses $81,000 After US Senate Committee Advances Crypto Regulation Bill; Ether, XRP rally

Bitcoin prices jumped above $81,000 on Friday amid a rally in the broader cryptocurrency market after the US Senate Banking Committee advanced a long-awaited US Digital Asset Market Structure bill, legislation that would create regulations for cryptocurrencies.

Bitcoin prices rose 2.44% to $81,517.46, Ethereum price rose 1.03% to $2,289.69, Tether rose 0.01% to $0.9996, while XRP prices rose 4.44% to $1.49.

Among other cryptocurrencies, Solana prices increased by 1.35%, Dogecoin prices increased by 2.16% and Cardano prices by 2.57%

The Republican-led Senate Banking Committee advanced the so-called Clarity Act on Thursday, which would establish the Commodity Futures Trading Commission (CFTC) as the primary regulator for large parts of the crypto industry while the Securities and Exchange Commission would retain authority to oversee digital securities.

The bill will now move on to the Senate floor, where lawmakers will have to combine it with another version from the Agriculture Committee, which has jurisdiction over the CFTC.

Why is the Law of Clarity important?

The Clarity Act seeks to address one of the ecosystem’s biggest unsolved challenges, namely regulatory clarity around digital assets. Questions about whether a token should be treated as a security, commodity or a separate asset class entirely have often been debated in courtrooms instead of being clearly addressed by regulation.

Ashish Singhal, co-founder at CoinSwitch noted that despite more than 40% of Americans already having exposure to cryptocurrencies, the industry has largely operated without a clearly defined legislative framework for more than a decade.

“What makes this development important is that the conversation now shifts from uncertainty to structured policymaking. As institutional participation in crypto continues to increase through ETFs, traditional finance integration and broader market adoption, clearer frameworks become essential for long-term capital allocation and industry growth,” Singhal said.

The market sees the CLARITY Act as a strong signal that crypto regulation in the US is entering a more mature phase, he said, adding that frameworks like this could eventually become important global reference points for how digital assets are regulated and integrated into the broader financial system.

Raj Karkara, COO, ZebPay believes that advancing the CLARITY Act through an important Senate hurdle is another important step towards establishing a more structured and transparent regulatory environment for the global digital asset industry. In addition to other recent legislative developments in the US crypto ecosystem, this indicates a growing recognition of the need for balanced frameworks that support innovation while strengthening market integrity and investor confidence.

“The progress of initiatives like the CLARITY Act also reflects how policymakers across major economies are increasingly working to integrate digital assets into the broader financial infrastructure in a more structured and accountable manner. As the industry continues to mature, collaborative and forward-looking regulation will be key to unlocking the next phase of global growth, innovation and adoption for the crypto sector.”

Meanwhile, broader sentiment also remained supportive, with US stocks extending gains on technology strength and optimism surrounding US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing.

“In this type of market, Bitcoin usually leads before capital rotates into Ethereum, altcoins, and then higher-risk altcoins. Investors should avoid overexposure to low-liquidity tokens just because sentiment has improved,” CoinSwitch Markets Desk said.

(With input from agencies)

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