Bitcoin Tops $80,000 as Congress Advances Crypto Framework and Banks Add Custody
DJT•Bitcoin surged past $80,000 on May 10, marking its highest level since late 2021. A bipartisan Congressional committee advanced a federal crypto framework and Morgan Stanley alongside BNY Mellon launched institutional crypto custody platforms.
1. Bitcoin Surges Above $80,000
On May 10 Bitcoin climbed past $80,000 for the first time since late 2021, reflecting renewed investor interest and a bullish breakout in digital asset markets.
2. Congressional Committee Approves Federal Crypto Framework
A bipartisan legislative committee voted to advance a bill establishing a federal regulatory framework for digital assets, aiming to clarify oversight and boost institutional confidence.
3. Major Banks Launch Institutional Crypto Custody
Investment bank Morgan Stanley and custodian BNY Mellon unveiled new institutional crypto custody services, signaling a shift among traditional financial firms toward digital asset offerings.
