Senate Btc Usd Clarity Act Text Moves Yield Rules Forward
btc usd traded at $78,180 in Asian hours on Saturday after the Senate released the long-negotiated Clarity Act compromise text on Friday. The move clears the way for a markup to proceed in the Senate and gives crypto firms a clearer path on how stablecoin yield and reward programs could be treated.
Thom Tillis and Angela Alsobrooks
The compromise was hashed out by Senators Thom Tillis and Angela Alsobrooks. It would ban stablecoin issuers from offering yield based purely on holding reserves, while preserving activity-based reward programs that crypto firms structure as incentives for using their platforms.
Paul Grewal, Coinbase chief legal officer, backed that framing and said the language
“preserves activity-based rewards tied to real participation on crypto platforms and networks, which is what the bank lobby said they wanted.”
Bitcoin Holds $78,000
$78,000 remains the level bitcoin has to clear decisively, and the token made another run at it earlier Saturday before settling at $78,180 in Asian hours. Bitcoin was up 0.8% on the week after recovering from a Wednesday low near $75,500, a move that followed fresh Iran military escalation reports.
Daniel Reis-Faria, chief executive officer of ZeroStack, said,
“It doesn't mean institutions are leaving the market, it just means they're not increasing their exposure right now. If money starts coming back in, especially from institutions or through ETFs, Bitcoin can move higher pretty quickly.”
Treasury and CFTC Rules
A year is the window Treasury and the CFTC would get after the bill becomes law to write the detailed rules around what crypto firms can and cannot do with yield products. That puts the practical fight over stablecoin yield and crypto rewards into the rule-writing phase, where the Senate text would shape what firms can offer before the agencies set the specifics.
0.3% was the Friday gain in the S&P 500, which closed at an all-time high and logged a fifth straight weekly gain, while the Nasdaq 100 added 0.9% to a record. Apple rose 3.2% and Oracle climbed 6.5%, leaving bitcoin to trade alongside a market that has plenty of risk appetite but still no decisive push through $78,000.
Nearly 10% is how far Dogecoin has climbed on the week, to $0.105, and Dogecoin futures open interest hit a year-high earlier in the week. Ether held $2,310, XRP traded at $1.39, and Solana changed hands at $84.57, but bitcoin still needs the next catalyst if it is going to turn the Senate’s policy progress into a cleaner break above $78,000.
