CLARITY Act Advances, Pepeto Presale Funding Surpasses $9.8 Million

The US Senate is close to finalizing the CLARITY Act, a legislation aimed at regulating stablecoins and promoting regulatory clarity in the crypto space. The act has gained momentum after Senators Thom Tillis and Angela Alsobrooks released compromise text on stablecoin yield rules, removing the last hurdle that stalled the bill for three months.

As a result of this development, Bitcoin's price has surged to above $81,000, with Circle stock jumping 20% and Coinbase gaining 7%. The market has shifted from fear to conviction in under a week, indicating growing confidence in regulatory clarity.