India, July 21 -- Expectations of positive regulatory momentum in the U.S. boosted sentiment in the cryptocurrency markets, lifting Bitcoin to a five-week high of $66,910. Overall cryptocurrency market capitalization rose close to 3 percent overnight as markets cheered the likelihood of the Clarity Act in the U.S. following reports that President Trump had agreed to a key ethics provision. Uninterrupted inflows to U.S.-listed Bitcoin Spot ETF products also supported sentiment.
The CLARITY Act, or the Digital Asset Market Clarity Act of 2025, essentially defines which federal regulator would be overseeing each part of the U.S. digital asset market. The legislation has been stalled due to dispute surrounding an ethics clause contained in the...