Bitcoin Brushes $83K As Senate Panel Advances Landmark Clarity Act

Zack Humphries, who had streamed the committee session live for more than two hours, framed the day as a pivotal moment: the bill now heads to the full Senate, one step from clearing Congress after years of negotiation around custody, stablecoins, and market oversight.

The Senate Banking Committee’s 15–9 approval came with two Democrats crossing the aisle: Senator Ruben Gallego and Senator Angela Alsobrooks, according to the host. That bipartisan backing was described as the key signal markets were watching for, alongside the fate of several contentious amendments.

The House had already passed a version of the Clarity Act in 2025 with bipartisan support. The latest session focused on whether the Senate panel would advance the bill to a full floor vote, which it now has.

Mr. Humphries noted that banks have been “lobbying heavily” against parts of the stablecoin yield language, while some Democrats pushed ethics and conflict-of-interest amendments.

Debates also touched on DeFi protections and how to divide jurisdiction between the SEC and CFTC.

Zack Humphries also said a committee green light with bipartisan votes is being read as “very bullish for crypto policy momentum and for the entire crypto market at large,” even as final Senate and House reconciliation still lie ahead.

On the price front, Bitcoin jumped from below $80,000 before the hearing to retest resistance around $82,500–$82,700. The host pointed to prior failed pushes to this zone on May 6 and again on the previous Sunday, and is now watching whether this third attempt can finally break through and establish a new floor closer to $83,000.

Key support levels, in his view, sit near $79,200, then $78,000, with a deeper cushion around $75,000 if momentum fades. He argued the last four hours of trading showed markets “digesting this well and enjoying what they heard” from lawmakers.

Beyond Bitcoin, the standout mover on the day was Hyperliquid’s token, which the analyst showed moving “in a straight line up,” gaining more than 11% on the session despite what he called a recently “very bearish” weekly structure.

He described it as a “buy the dip opportunity” near $37, while cautioning it could revisit the $30 area if Bitcoin cools into the summer.

Canton and Render also caught bids, alongside XDC, Aave, Bittensor (TAO), and Chainlink, which he said has been “quietly waking up.”

One of the more eye-catching performers was EDGEX, a perpetual DEX token he highlighted as up roughly 246% since launch and now the third-largest perp DEX by volume, behind Hyperliquid and Aster.

The analyst disclosed that all three perp DEX tokens are in his own portfolio, alongside heavy concentrations in Bitcoin, Ethereum, and XRP, plus smaller positions in Canton and Zcash.

For holders, the combination of a credible regulatory path forward and a strong reaction in key market bellwethers suggests U.S. policy is easing at the margins, even if the bill still faces a full Senate vote and reconciliation hurdles.

Dive into DailyCoin's hottest crypto news right now:
Switzerland Goes On-Chain: HBAR Powers Biodiversity Plan
XRP Traders Locked On $1.50 Price as ETF Inflows Pile In