Yes, it's big news and we have seen a lot of threads about it. Definitely it is something that crypto market has been waiting for. As this act might be the clear definition of everything that we wanted to see at least from the US government.
And most likely we can say that this is one news that has put the price above $80k at some point. So for sure we will wait what will be the verdict and we can only hope that this act will be passed into law.