The Senate Banking Committee voted 15-9 on May 14 to advance H.R. 3633, the Digital Asset Market Clarity Act, marking one of the most significant U.S. crypto policy milestones of 2026 and moving the market-structure bill closer to a full Senate vote. Bitcoin briefly reclaimed $81,000 following the news, but the price recovery failed to translate into sustained ETF demand. The divergence between a constructive regulatory development and weakening institutional inflows suggests that broader macroeconomic pressures or profit-taking dynamics may be outweighing policy optimism. Analysts are watching whether the bill's progression to the Senate floor reignites appetite for spot Bitcoin ETF products, which have been a key driver of institutional exposure to the asset since their U.S. approval.
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