Crypto
Bitcoin Hits Record High After Stablecoin Bill Advances in Senate | PYMNTS.com
Bitcoin reportedly hit an all-time high of $109,730 Wednesday (May 21), driven in part by the Monday (May 19) news that a stablecoin bill advanced in the U.S. Senate.
The cryptocurrency reached its previous record high around the Jan. 20 inauguration of President Donald Trump, which heightened the market’s hopes for regulatory clarity around crypto, Bloomberg reported Wednesday.
Bitcoin has also benefited from some investors’ belief that it offers a haven from financial market turmoil, from some companies stockpiling the token, and from the greater variety of bitcoin exposure available to investors, according to the report.
The crypto industry-backed bill in the Senate is set for debate and could pass as soon as this week, per the report.
“It’s the shift of approach from [former Securities and Exchange Commission Chair Gary Gensler and the SEC] to this Trump administration, which has embraced our industry,” Michael Novogratz, founder and CEO of Galaxy Digital, told Bloomberg TV Wednesday. “That freed up the animal spirits both here and abroad.”
The Senate voted to advance the country’s first stablecoin legislation, the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act, on Monday after weeks of political back-and-forth, PYMNTS reported Tuesday (May 20).
“Tonight’s vote is a welcome and long-overdue step toward asserting U.S. leadership in digital assets,” Senate Banking Committee Chairman Sen. Tim Scott, R-S.C., said in a press release. “After playing politics, I’m glad many of my Democratic colleagues have returned to the table and are supporting a bipartisan product they helped shape. By moving forward on the GENIUS Act, we are one step closer to delivering a regulatory framework that keeps innovation in America, protects consumers, and safeguards our national security.”
After hitting its previous record high in January upon Trump’s inauguration, the price of bitcoin fell by as much as 30% when new tariffs led to a market downturn.
However, it rose back above the $100,000 mark for the first time in three months on May 8 amid anticipation for a relaxation of global tariff-related tensions following a new trade deal.
“It just speaks to the large amount of demand for digital assets in the industry, and especially bitcoin,” Cosmo Jiang of Pantera Capital told Bloomberg at the time.
Crypto
Senate Passes Historic Crypto Bill: Sacks Hails Dollar Dominance, Bessent Sees $3.7T Boom – Regulation Bitcoin News
Crypto
Guaranty Escrow Reports Surge in Cryptocurrency Escrow Transactions Amid Rising Crypto Market
Over the past six months, major cryptocurrencies—including Bitcoin (BTC) and Ethereum (ETH)—have experienced record gains, with Bitcoin breaching $75,000 and Ethereum surpassing $4,500 in May 2025. This renewed volatility has ignited interest among investors seeking to deploy digital assets directly in real estate closings. Guaranty Escrow has responded by scaling its suite of cryptocurrency escrow services, supporting not only Bitcoin and Ethereum but also Solana (SOL), XRP, and USDT. As a result, the company has observed a 65 percent year-over-year increase in crypto-backed property transactions.
“Our clients appreciate the transparency and security of digital asset escrow, especially when using multiple tokens,” said Matthew Bond, Holding and Crypto Escrow Specialist at Guaranty Escrow. “Whether a buyer needs a Bitcoin escrow service, or Ethereum, Solana, XRP, or USDC, our multi-signature, regulated custody framework ensures funds remain secure throughout the closing process.”
Expanded Token Support and Enhanced Digital Asset Custody
To reinforce its position as the leader in cryptocurrency escrow and digital asset escrow services, Guaranty Escrow has broadened support for high-velocity chains and alternative tokens, and the company has fully integrated Bitcoin, Solana, XRP, and other cryptocurrencies into its escrow infrastructure. By partnering with BitGo’s institutional-grade custody solutions, Guaranty Escrow offers clients:
- Multi-Signature Wallets for Every Token: Ensuring trustless, tamper-proof custody for BTC, ETH, SOL, XRP, and USDC.
- Continuous Compliance & Regulatory Assurance: 24/7 audited cold storage for all supported assets.
- Streamlined User Experience: Automated verification and funding workflows for both buyers and sellers.
Guaranty Escrow has served as the benchmark for real estate crypto escrow since 2017. As the only licensed firm approved by BitGo, the company consistently demonstrates best practices in secure digital asset handling.
About Guaranty Escrow
Guaranty Escrow is the leading provider of secure cryptocurrency escrow services for real estate and high-value digital asset transactions. Since 2017, the Torrance, California–based firm has bridged traditional closing processes with cutting-edge, multi-signature custody. As the only U.S.-licensed escrow company approved by BitGo, Guaranty Escrow sets the standard for regulatory compliance, audit-grade security, and token-agnostic settlement.
To explore how our digital asset escrow solutions can streamline your next transaction, visit guaranty-escrow.com/real-estate-crypto-escrows.
Media Contact
Evan Lamont, Guaranty Escrow, 1 5625376936, [email protected], https://guaranty-escrow.com
SOURCE Guaranty Escrow
Crypto
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