Bitcoin bulls are celebrating today as the world’s most popular crypto moves higher. Currently, $BTC is up by over 5%, topping $85,000 for the first time since last January.

Last week, the CLARITY Act, crypto market infrastructure legislation, failed in the Senate on a cloture vote. The vote needed 60 supporters to avoid a potential filibuster that would kill the bill. Unfortunately, no Democrats voted yea, and a few Republicans crossed the aisle to vote the bill down, once again leaving digital asset regulation in limbo. While a defeat for the industry and consumers, many insiders quickly pivoted to saying the legislation isn’t really needed, since federal regulators will move forward regardless. Apparently, investors are…