Hyperliquid’s HYPE token jumped over 17% in the last 24 hours to about $46 after the U.S. Senate Banking Committee passed the Digital Asset Market Clarity Act in a 15-9 bipartisan vote, a move many traders see as a big step toward clearer federal regulations for digital assets.
On Thursday, the committee’s move brought the bill closer to defining how crypto assets will be classified and overseen in the U.S. For the markets, the big takeaway was a drop in regulatory uncertainty.
The Senate Banking Committee debated amendments for several hours before approving the Clarity Act. The legislation is designed to draw clearer boundaries between securities and commodities, define oversight roles for the SEC and CFTC, and create a more predictable market structure framework for the industry.
While political differences remain, the bipartisan vote marks a notable milestone after months of negotiations. For crypto businesses and investors, a clearer framework is widely seen as important for reducing compliance ambiguity and supporting broader market participation.
The reaction was clear on Hyperliquid, with traders honing in on HYPE’s momentum. According to analyst 0xNeena, the token is now testing the $48 resistance level, and a break above it could pave the way for a move toward $60 if trading volume keeps growing.
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