Crypto markets gain as optimism over US crypto bill revives risk appetite

Crypto markets rallied on Monday as improving odds for passage of the US CLARITY Act boosted investor appetite across digital assets and crypto related stocks.

The probability of the market structure bill passing this year climbed from roughly 14% to nearly 30% on Polymarket, marking a sharp repricing even as traders continue to view passage as far from certain.

Bitcoin rose as much as 1.8% to $78,674, moving closer to the $80,000 level. Crypto equities posted larger gains, with Coinbase shares climbing as much as 8% and Circle rising as much as 6.4%.

Stefan von Haenisch, managing director and head of BitGo Prime, said the stronger performance of crypto equities suggested investors were assigning some value to the prospect of clearer US regulation.

The move came ahead of procedural votes expected later this week after Republican senators released a final draft of the CLARITY Act containing changes aimed at resolving several contested provisions.

The updated version would give the Treasury Secretary authority to intervene if deposit flight became detrimental to community banks.

It also introduced new ethics requirements for the president and other elected officials holding crypto assets. Under the proposal, significant crypto holdings would need to be divested or placed into a blind trust to avoid financial penalties.

State attorneys general would also receive authority to help enforce the ethics provisions.