Cryptocurrency markets rallied sharply on Thursday after the Senate Banking Committee delivered a major win for the industry by advancing the long-anticipated CLARITY Act.\u00a0<\/p>\n
The market reaction was visible across the largest coins: Bitcoin (BTC) jumped to $81,899 at the time of writing, representing about a 2.7% gain, while XRP led among the top ten cryptocurrencies, surging above $1.50 with gains of more than 6%\u2014a level not seen since March of this year.\u00a0<\/p>\n
Even with the momentum, the bill is still not law, and it faces multiple political and procedural hurdles before it can be finalized.<\/p>\n
The committee\u2019s action\u2014passing the CLARITY Act by a 15\u20139 vote\u2014means the next step is a full Senate vote, which would require roughly 60 votes to pass.\u00a0<\/p>\n
If it clears that threshold, the process would move into the next phase, typically involving House\u2013Senate talks to reconcile differences between versions, followed by a potential presidential signature, which could further boost crypto prices.\u00a0<\/p>\n
At the same time, several Democrats voiced reservations about whether the CLARITY Act strikes the right balance. As earlier reported <\/a>by Bitcoinist, the hearing included discussion of Democratic amendments aimed at concerns such as stablecoin yields and AML.\u00a0<\/p>\n Those amendments were either voted down or rejected by Scott on the basis that they were not written correctly and therefore could not be offered in that process.<\/p>\n Beyond the CLARITY Act, the market\u2019s chart-driven response turned into a question of whether XRP and Bitcoin can continue to convert momentum into follow-through.\u00a0<\/p>\n With XRP reclaiming the $1.50 area, a decisive weekly close above $1.50 is now being watched as a potential trigger for further upside.\u00a0<\/p>\nXRP Reclaims $1.50, Bitcoin Nears $82,000<\/h2>\n