Why is the Crypto Market Up Today?

The total crypto market cap (TOTAL) and Bitcoin (BTC) are holding strong, posting green on the daily chart. Following the footsteps is Ethena (ENA), which is emerging as the best-performing altcoin, noting a 15% rise in 24 hours. In the news today:- US Senators unveiled a revised market structure bill that clarifies crypto rules, excluding tokenized securities, staking, airdrops, and DePIN from securities law. Section 101 restricts the SEC and private firms from suing existing tokens unless fraud is involved, aiming to limit regulatory overreach. Robinhood will join the S&P 500 on September 22, replacing Caesars Entertainment, sending its stock up more than 7%. Strategy, expected to be included due to its Bitcoin holdings, was left out, causing its shares…