Overview
- The Senate Banking Committee, which approved the Digital Asset Market Clarity Act on Thursday in a 15–9 bipartisan vote, set up a merger with the Agriculture Committee’s version as the next step.
- Bitcoin jumped to about $82,000 after the vote, with spot trading active and U.S. Bitcoin ETFs reporting roughly $131 million in net inflows for May 14.
- Crypto‑exposed stocks rose in tandem, with Coinbase up about 8% and Strategy (MSTR) up roughly 7% as traders bet that clearer rules could boost U.S. crypto activity.
- The bill outlines a federal rulebook that splits oversight between the SEC and CFTC, adds Treasury rulemaking authority, requires registration and disclosures for intermediaries, and in the latest draft bans interest on stablecoin balances with a $5 million penalty for violations.
- Opposition led by Sen. Elizabeth Warren says the plan weakens securities safeguards, overrides some state anti‑fraud rules, and leaves ethics and law‑enforcement gaps that sponsors say will be addressed in later stages.