Bitcoin holds above $80K as US Senate releases Digital Asset Market Clarity Act draft

Bitcoin remained steady above $80,000 following the US Senate Banking Committee's release of the Digital Asset Market Clarity Act draft, which aims to clarify regulations for digital assets like Bitcoin and Ethereum. The proposal seeks to differentiate securities from commodities and introduces a dual-agency oversight model involving the SEC and CFTC to streamline crypto regulation. This development has boosted market confidence and could pave the way for increased institutional participation, though the bill still requires further legislative approval and may not pass until 2026 at the earliest.