The US Senate Banking Committee is reviewing the Clarity Act; Bitcoin breaks $81,000.

CoinFeed reported on May 14 that the U.S. Senate Banking Committee is currently holding a crucial review meeting on the Digital Asset Market Clarity Act (Clarity Act). The committee will discuss and vote on dozens of amendments and decide whether to advance the bill to the full Senate. The bill aims to clarify the regulatory authority of the SEC and CFTC over digital assets and establish a regulatory framework for the crypto market structure. During the meeting, Senator Cynthia Lummis stated that the Clarity Act is "one of the most difficult pieces of legislation I've ever been involved in," and that the bill underwent long-term bipartisan negotiations, addressing issues such as stablecoin yields, anti-money laundering, and law enforcement authority.