Senate clears crypto bill. BTC still stuck at $78K.

Senate clears crypto bill. BTC still stuck at $78K.

From Token Metrics Daily Pulse by Token Metrics

May 2, 2026 · 8 min

About this episode

The episode discusses the Senate's advancement of the Clarity Act and its implications for the crypto market.

The Senate just cleared the Clarity Act yield hurdle. BTC sits at $78K, barely moving. Fear & Greed jumped 13 points overnight. Big legislation. Muted reaction. Someone's not impressed. Today's key developments: • The Senate cleared a key hurdle on the Clarity Act, advancing crypto's most significant legislative package in years - including a provision letting crypto firms offer stablecoin yield while shielding bank deposit rates from direct competition. • The Ethereum Foundation completed its third OTC sale to Bitmine, offloading another 10,000 ETH - bringing the total sold to Bitmine to $47 million worth of ETH. • Riot Platforms shares jumped 8% after expanding its AMD data center deal, signaling a deliberate pivot toward AI infrastructure. The company posted $167 million in Q1 revenue, with its data center arm pulling in $33 million in its first quarter of operation. 📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/senate-clears-crypto-bill-btc-still-stuck-at-78k-may-2-2026?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast 🔔 Subscribe for daily crypto market updates! ⚠️ Disclaimer: This content is for educational purposes only and…

Topics covered

  • crypto legislation
  • Bitcoin
  • Ethereum
  • market updates
  • investing

Keywords

  • crypto
  • Bitcoin
  • Ethereum
  • Clarity Act
  • Riot Platforms

Mentioned in this episode

Organizations: Senate, Ethereum Foundation, Bitmine, Riot Platforms, AMD

Products: BTC

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