Bitcoin Hits All-Time High after New Legislation Advances

Bitcoin just hit a new high after the U.S< Senate announced that it would be moving forward new crypto regulations.

Timothy St. John•Wednesday, May 21, 2025•2 min read

New high for Bitcoin after legislation is announced.

Quick overview

Bitcoin has reached a record high of $109,487 following new legislative proposals from the U.S. Senate.
The cryptocurrency market has reacted positively, with Bitcoin jumping over 3% due to the anticipated regulatory changes.
Senator Elizabeth Warren has expressed concerns about the new bill, suggesting it could lead to significant growth in the stablecoin market.
The proposed legislation aims to provide clearer regulations for stablecoins, addressing current inadequacies in their oversight.

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A record high of $109,487 (BTC/USD) has been achieved by the world’s leading crypto coin. Bitcoin (BTC) skyrocketed after the U.S. Senate put forward a new legislative framework for cryptocurrency.

Bitcoin broke its own record high today.

As the U.S. Senate starts to move on regulating cryptocurrency in a new, more open way, the cryptocurrency market has reacted with massive buying pressure. The bearish market is spearheaded by a record high Bitcoin that is benefitting from President Donald Trump finally making good on his platform of being the crypto President.

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Bitcoin jumped over 3% today as a result of the announced legislative framework, helping it climb to a new high and creating shockwaves through the community. The last time Bitcoin set a record high was back in January around the time Donald Trump was sworn into office.

That inauguration was expected to herald a golden age for cryptocurrency, but that did not happen right away thanks to the President’s focus on tariffs. This started off a trade war with China and other countries, resulting in the cryptocurrency market and the stock market drastically losing value.

Trump Administration Gives Crypto Market a Hand

A new legislative framework for cryptocurrency is on the way. This legislation specifically deals with how stablecoins are regulated, setting up a system for them to be bought and sold more safely. According to Senator Elizabeth Warren, the new bill will cause the stablecoin market to grow exponentially. She said this as a condemnation of the bill, but comments like hers have spurred the market onto incredible growth today.

There are concerns of corruption in the Trump administration, specifically that the new bill will allow Trump and his family to benefit from the way the legislation helps his own stablecoin.

The stablecoin part of the cryptocurrency industry is currently legislation very poorly. There are a number of laws that have been applied to stablecoins that create a set of regulations for it, but these are piecemeal efforts and are obviously not intended to deal with something like stablecoins. The new legislation would give clear, concise regulations regarding stablecoins.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.