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

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

Author: Token Metrics May 2, 2026 Duration: 7:45
Token Metrics Daily Pulse
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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.


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