<ul><li>Bitcoin surged to a record high of $109,302 following the progress of stablecoin legislation in the US, increasing hopes for regulatory clarity during the Trump administration.</li><li>The cryptocurrency market rallied due to regulatory tailwinds, including the advancement of the stablecoin bill in the US Senate after a group of Democrats withdrew their opposition.</li><li>The industry-backed regulatory bill with revised terms, including stricter measures against money laundering and improved consumer protections, aims to impose consistent rules on domestic and foreign issuers.</li><li>Open interest for Bitcoin futures at CME Group Inc. has rebounded by 23%, and investors have allocated approximately $3.6 billion into US Bitcoin exchange-traded funds in May.</li></ul>

Bitcoin Rises To Record On Optimism Around US Regulations

Discover more