Bitcoin jumped above $95,000 and other cryptocurrencies were also higher Wednesday as regulatory optimism sparked a strong rally in digital assets, according to Barron’s.
The Senate Banking Committee will meet to consider the much-anticipated Digital Asset Market Clarity Act on Thursday, after publishing a draft of the bill earlier this week. The bill ensures “everyday Americans have the tools, information, and protections they need to safely participate in digital asset markets,” the committee said in a statement Wednesday.
Progress on the crypto market structure legislation has buoyed digital assets. Bitcoin was trading at $95,148 early in the day, up 3.6% over the past 24 hours, according to CoinDesk data. It was the first time since November the world’s largest cryptocurrency peaked above the key $95,000 level. The token is up 9% so far in 2026 but remains around 25% off its record high of above $126,000 reached in October.
Ethereum, the second largest crypto, was up 6.5% to $3,335, while popular altcoin XRP rose 4.1% to $2.15.
“Passing bipartisan market structure legislation will help us future-proof against rogue regulators, ensuring that we achieve President Trump’s goal to make the U.S. the crypto capital of the world,” Securities and Exchange Commission Chairman Paul Atkins said in a post on X.
“This is a big week for crypto,” he added.
