US Senate reviews CLARITY Act amid Bitcoin's $80K support and Coinbase losses

The US Senate Banking Committee is reviewing the CLARITY Act on May 14, aiming to clarify digital asset regulations and stablecoin rules. Bitcoin remains supported above $80,000 but faces resistance near $83,000, with ETF inflows improving but not fully offsetting past outflows. Coinbase reported declining revenues and consecutive quarterly losses, reflecting lower crypto trading demand. These developments highlight regulatory and market pressures shaping the cryptocurrency sector's near-term outlook.