Bitcoin Hits New Record Above $111K Amid Stablecoin Regulation Optimism

Crypto market rallies as U.S. lawmakers advance national stablecoin framework

Bitcoin soared to an all-time high of $111,588 on Thursday, May 22, as investor enthusiasm surged over regulatory progress in the United States. The rally was fueled by momentum surrounding the GENIUS Act, a newly introduced bill aimed at establishing a national framework for stablecoins.

The legislation is being closely watched by the crypto community, as it signals growing support in Washington for clearer regulatory guidelines, potentially paving the way for wider adoption of digital assets in traditional finance.

Bitcoin Leads the Charge

The world’s largest cryptocurrency posted a 3.8% gain on the day, continuing its remarkable run in May with a month-to-date rise of over 18%. The bullish sentiment around regulation has added fuel to existing tailwinds such as institutional demand, expanding ETF products, and macroeconomic uncertainty.

Market analysts suggest that a unified regulatory stance on stablecoins — often seen as the bridge between fiat and crypto — could remove significant barriers for both retail and institutional investors, boosting market confidence.

Broader Market Joins the Rally

The bullish wave wasn’t limited to Bitcoin. Major altcoins also recorded gains:

• Ethereum (ETH) rose 1.3% to $2,627.06
• Solana (SOL) jumped 3.6%
• Cardano (ADA) surged 4.5%
• XRP held steady at $2.4109

Even meme tokens joined the party, with Dogecoin (DOGE) gaining 4%, and the politically themed $TRUMP token rallying 7%.

What’s Driving the Optimism?

While Bitcoin’s price has long been driven by technical and macro factors, the latest surge appears to be rooted in regulatory clarity — something the crypto industry has long demanded. The GENIUS Act, still in its early stages, has sparked debate but also hope that the U.S. will take a leadership role in formalizing digital asset standards, particularly in the booming stablecoin sector.

Investors are betting that such legislation could bring institutional legitimacy and compliance certainty, opening the door for broader adoption.

Source: https://www.investors.com/news/bitcoin-price-hits-record-high-stablecoin-bill-trump-meme-coin-dinner
Source: https://abcnews.go.com/Business/genius-act-crypto-regulation-bill/story?id=121981442