The CLARITY Act Moves Forward, Trump's Q1 Large Cap ETF, NVIDIA, Bitcoin Rebound Still Constrained by Moving Averages

BlockBeats News, May 15th. Last night, the U.S. Senate Banking Committee passed the Cryptocurrency Market Structure Bill (known as the CLARITY Act) with 15 votes in favor and 9 against. The bill has now been officially submitted to the full Senate for a vote. All 13 Republican members of the committee voted in favor, with two Democratic members crossing party lines to support. Democratic Chief Member Elizabeth Warren and 9 others voted against.

In response, Bitcoin saw a strong rebound early this morning, briefly breaking through $82,000 before pulling back, now trading at $81,075.48. From a technical perspective, Bitcoin has recently been notably suppressed by the 200-day moving average.

On the U.S. stock market front, tech stocks led the way as U.S. stocks hit another record high on Thursday. Retail sales data meeting expectations further solidified market confidence, with stock indexes continuing to reach new highs.

According to Bitget data, Nvidia rose 4.4% yesterday, and AI chip manufacturer Cerebras Systems surged 68% on its first day of trading.

Cisco soared 13.4% to hit a record high after the company reported quarterly earnings that exceeded expectations, raised its full-year revenue guidance, and announced plans to cut around 4,000 jobs to focus on its AI business. This marked the largest single-day percentage gain since August 2011.

Bloomberg strategist Tatiana Darie pointed out that the stock market's returns are being primarily driven by a few stocks nearing historic lows, leading to an overreliance on a few key AI-related pillars. Nvidia is scheduled to report earnings on May 20, making it the most important market risk event next week.

On the other hand, recent financial disclosure filings show that earlier this year, Trump disclosed a large-scale financial transaction of at least $220 million involving securities of several large U.S. companies. The new filings cover the first three months of 2026, with transactions ranging from $220 million to around $750 million. Large purchases in the range of $1 million to $5 million include S&P 500 index funds, Nvidia, and Apple. Large sales in the range of $5 million to $25 million include Microsoft, Amazon, and Meta.

However, the related securities were not significantly affected and traded steadily after hours.