
Bitcoin climbed from above $66,000 in July 2025 to above $82,000 after a May 2026 Senate Banking Committee vote, as the U.S. crypto market-structure bill progressed amid continuing debate over ethics, DeFi and stablecoins.
Bitcoin rallied alongside progress on the U.S. Digital Asset Market Clarity Act, or CLARITY Act, which aims to split digital-asset oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. In July 2025, Bitcoin rose above $66,000, reaching as high as $66,694, as reports said the White House had agreed to ethics provisions seen as improving the bill’s chances ahead of a possible Senate vote. Later, on May 14, 2026, the Senate Banking Committee approved the bill 15-9 with support from all Republicans on the panel and two Democrats, and Bitcoin briefly topped $82,000 before settling around $81,500. The bill still faced further hurdles, including a full Senate vote, possible House-Senate reconciliation and signature, while unresolved issues around stablecoins, DeFi compliance and ethics restrictions for public officials continued to shape the debate.