US passes crypto regulation bills
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It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."
The Bitcoin price dipped, reaching a low of $115,736 on Tuesday after hitting a new all-time high of $123,218 to start the week. BTC recovered from this Tuesday’s dip over the next two days and, at the time of writing on Friday, stabilized at around $118,850.
For the first time, the U.S. House of Representatives has dedicated an entire week, July 14–18, to advancing crypto legislation. The GENIUS Act introduces the
Crypto Week has spotlighted lawmakers as they advance the CLARITY, GENIUS and Anti-CBDC acts, promising clearer rules for digital assets.
Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.