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Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

2025-07-11 19:40:35

Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

Main Idea

The crypto market is experiencing a bullish phase with Bitcoin reaching new highs, and the US House of Representatives is preparing for 'Crypto Week' to debate key legislation impacting the industry.

Key Points

1. Bitcoin has surged past $118,000, reaching new all-time highs, while altcoins are also showing strong performance.

2. The US House of Representatives will debate three key pieces of legislation during 'Crypto Week': the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.

3. The total crypto market cap has surged to $3.62 trillion, posting an 8.75% weekly gain, signaling a return of bullish momentum.

4. The 50-week and 100-week moving averages are sloping upward, reinforcing long-term strength in the crypto market.

5. The GENIUS Act addresses stablecoin regulation, proposing a framework for federal oversight of this fast-growing payment technology.

Description

The crypto market is undergoing a major momentum shift. Bitcoin has reached new all-time highs, surging past the $118,000 mark, while altcoins are breaking above key resistance levels after months of consolidation. This wave of renewed optimism comes at a critical time for the industry, not just in terms of price action, but also regulation. Next week marks “Crypto Week” in the US House of Representatives, where the Financial Services Committee will review and debate three pivotal bills that cou...

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Crypto regulation btc BTCUSDT crypto Crypto Bill crypto news crypto regulation Crypto Week US Congress Finance Committee US crypto regulation
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$BTC
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