Bitcoin Soars Above $80K as Regulatory Relief Rally Continues

The cryptocurrency market experienced a significant rebound on Friday, September 18, as Bitcoin price surged over 5% to climb back above $80,000.

This move coincided with gains in ether, solana, and several tokenization-linked tokens, as well as a rebound in crypto-related equities. The recovery was largely attributed to the U.S. agencies' actions following the Senate's failed procedural vote on the Digital Asset Market Clarity Act.

The Securities and Exchange Commission (SEC) issued an order granting temporary, conditional exemptive relief known as the Innovation Exemption. This allows certain Tokenized Securities Venues to trade tokenized National Market System stock through permissioned automated market makers and liquidity pools. The exemptions are set to expire five years after publication.

The Commodity Futures Trading Commission (CFTC) also moved on a narrower software question, issuing a no-action position for providers of passive software that facilitates user trading with registered futures commission merchants, introducing brokers, and designated contract markets.