- Bitcoin’s price rose above $81,000 as the Senate Banking Committee debated the CLARITY Act.
- Senator Elizabeth Warren criticized the bill as being written “by the crypto industry for the crypto industry”.
- Retail crypto traders on platforms like Stocktwits appeared largely unfazed by the opposition, expecting the bill to advance.
Bitcoin climbed back above $81,000 on Thursday as the Senate Banking Committee began its high-stakes debate on the Digital Asset Market CLARITY Act of 2025. Senator Elizabeth Warren immediately voiced strong opposition, stating the legislation was “just not ready” for passage during her opening remarks.
She specifically argued that the bill is written “by the crypto industry for the crypto industry”. However, the cryptocurrency market reacted positively to the proceedings, with Bitcoin rising over 2% in 24 hours according to Coinbase data.
Consequently, retail sentiment for the apex cryptocurrency shifted to ‘bullish’ on the Stocktwits platform. Traders there seemed largely dismissive of Warren’s warnings, anticipating other committee members would outvote her.
Meanwhile, Senator Cynthia Lummis passionately defended the bipartisan effort, calling it the hardest piece of legislation she has ever worked on. She emphasized the extensive negotiations and involvement from industry participants needed to address blockchain innovation.
Other major cryptocurrencies also saw significant activity and gains alongside Bitcoin. Ripple‘s XRP outperformed, rising over 3% to around $1.47, while Litecoin and Ethereum were among the top trending tickers.
Retail chatter around XRP reached ‘high’ levels while sentiment remained in ‘bullish’ territory. The market’s overall reaction suggested a focus on the bill’s potential advancement rather than the criticism from certain lawmakers.
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