Bitcoin has continued its upward trend, surpassing $66,000 as optimism grows over the potential passage of the U.S. Clarity Act, a legislative proposal aimed at structuring the cryptocurrency market.
According to CoinMarketCap, Bitcoin was trading at $66,262 as of 8 a.m. on July 22, reflecting a 1.78% increase from the previous day. This marks the first time in over a month that Bitcoin has exceeded the $66,000 threshold.
Other major altcoins are also experiencing gains. At the same time, Ethereum rose by 1.30% to $1,918.85, while Solana increased by 0.67% to $77.90. Ripple (XRP) was trading at $1.14, up 2.87%.
Bloomberg reported that Secretary of State for Digital Assets, Kevin Vesey, stated on July 21, "Congress is on the verge of passing the Clarity Act," adding that they are "at the 1-yard line." Earlier, the White House reportedly reached an agreement on the bill's ethical provisions and shared it with Senate Republicans.
The Clarity Act aims to establish a federal regulatory framework for digital assets and clearly delineate the supervisory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Industry experts believe that if the bill passes, it will eliminate regulatory uncertainty and significantly boost investor confidence in the cryptocurrency market.
Meanwhile, on the domestic exchange Bithumb, Bitcoin was trading at 96.77 million won ($65,274), reflecting a 1% decrease from the previous day. The so-called "Kimchi premium," which indicates the price difference between domestic and international markets, was at -0.22%.
* This article has been translated by AI.
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