Crypto markets advanced into Friday, defying a broader risk-off tone across global assets after U.S. lawmakers pushed forward a key piece of digital asset legislation. XRP and dogecoin led gains among major tokens.

Bitcoin reclaimed the $81,000 level following the Senate Banking Committee’s 15–9 bipartisan approval of the Digital Asset Market Clarity Act late Thursday. The asset traded around $81,055 during Asian hours, up 2.3% over 24 hours and nearly 2% on the week, recovering from losses tied to earlier inflation data.

Altcoins outperformed, with XRP rising 4.5% to $1.49 and extending its weekly rally to 7.6%. Dogecoin gained 3% to $0.1159, bringing its seven-day advance close to 9%. BNB climbed 2% to $681, while Solana added a similar 2% gain to trade near $91.

The Clarity Act vote represents one of the most significant bipartisan steps on crypto market structure in recent months. Committee Chairman Tim Scott secured passage after reintroducing amendments that had previously been rejected, ultimately gaining backing from two Democratic senators after lengthy negotiations.

Scott described the process as one of the most demanding of his Senate tenure. Senator Elizabeth Warren, however, criticized the procedural changes, highlighting continued اختلاف over the bill’s direction and substance.

The legislation will now be reconciled with a separate version approved by the Senate Agriculture Committee before advancing to a full Senate vote and eventually the House. Several contentious issues remain unresolved, including provisions related to law enforcement and ethics that could influence final approval.

XRP’s strong performance reflects its direct exposure to regulatory developments, given its history with U.S. legal scrutiny. Greater clarity around market structure could help remove a long-standing drag on the token’s valuation.

Industry participants say the bill could provide broader benefits. Renna Ba of Layer-2 network Morph noted that distinguishing payment stablecoins from investment assets offers a clearer legal framework for global payments infrastructure.

CK Zheng of ZX Squared Capital said the regulatory momentum supports the view that bitcoin likely established its cycle low earlier this year. He pointed out that the current drawdown of roughly 50% is far less severe than the nearly 78% decline seen during the 2022 cycle, suggesting the asset class is maturing.

Zheng also highlighted growing institutional demand, pointing to Strategy’s STRC preferred stock issuance, which has drawn $8.5 billion in capital at an 11.5% yield.

Despite crypto’s resilience, macro conditions remained challenging. Remarks from Donald Trump that the U.S. does not need to reopen the Strait of Hormuz pushed oil prices higher, intensifying inflation concerns.

Global markets reacted cautiously. Asia-Pacific equities declined 1.1%, U.S. futures slipped 0.2%, and the 10-year Treasury yield rose to 4.52%. In Japan, government bond yields climbed after producer prices posted their fastest annual increase since 2023, while the U.S. dollar strengthened for a fifth straight session on safe-haven demand.