Overview
- The Senate Banking Committee, which approved the Digital Asset Market Clarity Act Thursday on a 15–9 bipartisan vote, sent it to the full Senate.
- Bitcoin jumped to about $82,000 after the vote and held near $81,500 later in the session, with more than $250 million in mostly short positions liquidated.
- Investment flows turned positive, as U.S. spot Bitcoin ETFs took in about $131.3 million on May 14 and crypto-linked stocks like Coinbase rose.
- Sen. Elizabeth Warren led the pushback, arguing the bill weakens investor protections and could override state anti-fraud rules.
- Corporate buying vehicles kept adding to holdings, with STRC tallying roughly $1.24 billion raised for about 11,709 BTC and SATA holding more than 15,000 BTC with daily cash dividends set to start in June.