Crypto stocks surge as Bitcoin tops $80K amid progress on Digital Asset Market Clarity Act

Shares of crypto firms like Circle and Coinbase jumped significantly following a rally in the crypto market, with Bitcoin surpassing $80,000 for the first time since January. The surge was driven by legislative progress on the Digital Asset Market Clarity Act, which aims to regulate digital assets in the U.S. Senators reached a key agreement on stablecoin yield provisions, clearing a major hurdle for the bill. Market experts now see a 64% chance of the act becoming law, boosting investor confidence and benefiting companies like Circle, which plans to announce earnings soon.