As the Clarity Act clears a key Senate panel, XRP and DOGE gain 5% and Bitcoin remains above $81K.

Crypto assets moved higher on Friday, shrugging off weakness in broader financial markets after U.S. lawmakers advanced a key bill aimed at clarifying digital asset regulation. XRP and dogecoin led the rally among major tokens.

Bitcoin regained momentum following the Senate Banking Committee’s 15–9 bipartisan approval of the Digital Asset Market Clarity Act late Thursday. The cryptocurrency rose back above $81,000, trading near $81,055 during Asian hours—up 2.3% over the past day and nearly 2% on the week, reversing losses triggered by earlier inflation data.

Altcoins outpaced bitcoin’s gains. XRP climbed 4.5% to $1.49, extending its weekly increase to 7.6% and standing out as the strongest performer among large-cap tokens. Dogecoin advanced 3% to $0.1159, bringing its seven-day gain to roughly 9%. BNB rose 2% to $681, while Solana also added 2% to trade around $91.

The committee vote marks the most notable bipartisan progress on crypto market structure legislation in months. Chairman Tim Scott secured the outcome by reintroducing amendments that had previously been set aside, ultimately gaining support from two Democratic senators after extended debate.

Scott described the process as particularly demanding, while Senator Elizabeth Warren criticized the procedural shift, signaling ongoing اختلاف over the bill’s direction.

The legislation will now be reconciled with a separate version passed by the Senate Agriculture Committee before heading to a full Senate vote and, eventually, the House of Representatives. Several key issues remain unresolved, including provisions related to law enforcement and ethics, which could shape the bill’s final form.

XRP’s outperformance highlights its sensitivity to regulatory developments, given its history with U.S. legal uncertainty. Clearer market rules could help remove a persistent overhang that has weighed on the token.

Industry observers say the bill could have broader implications. Renna Ba of Layer-2 network Morph noted that distinguishing payment stablecoins from investment assets provides a clearer legal foundation for global payments infrastructure.

CK Zheng of ZX Squared Capital said the regulatory momentum reinforces the view that bitcoin likely established its cycle bottom earlier this year. He pointed out that the current drawdown—around 50% from peak levels—is significantly less severe than the roughly 78% decline seen in 2022, suggesting increasing maturity in the asset class.

Zheng also pointed to growing institutional interest, citing Strategy’s STRC preferred stock issuance, which has attracted $8.5 billion with an 11.5% yield.

Despite crypto’s strength, macro conditions remained challenging. Comments from Donald Trump that the U.S. does not need to reopen the Strait of Hormuz pushed oil prices higher, adding to inflation concerns.

Global markets reacted with caution. Asia-Pacific equities fell 1.1%, U.S. stock futures slipped 0.2%, and the 10-year Treasury yield rose to 4.52%. In Japan, government bond yields climbed after producer prices recorded their fastest annual increase since 2023, while the U.S. dollar extended gains for a fifth consecutive session as investors sought safe-haven assets.