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Crypto is buzzing with bullish energy as Trump drops one positive update after another. Traders are watching closely as Trump’s trade tariffs are expected soon, while fading hopes for rate cuts are adding pressure. With global tensions cooling and markets loving the optimism, Bitcoin and the broader crypto space are riding the wave.
The U.S. is entering a big week for crypto as President Trump’s major bill is set to be signed on July 4, and lawmakers will launch “Crypto Week” from July 14–18. During this time, three major bills, the CLARITY Act, Anti-CBDC Act, and GENIUS Act, will be discussed. These could bring clear rules, block government-backed digital surveillance, and support crypto innovation. If passed, they might kickstart the next bull run.
Bitcoin soared to $109,112 this week, just shy of its all-time high. Trump’s bullish moves have given new hope within the crypto community. Crypto eyes are locked on these 3 major crypto bills this week that could decide whether the momentum continues or fizzles out.
GENIUS Act to Lead the Way
Leading the agenda is the GENIUS Act, a bill that recently cleared the Senate and is poised to pass in the House. This legislation focuses on bringing stablecoins into the traditional financial system. While it has drawn criticism for favoring fiat structures over DeFi ideals, it has also prompted companies like Tether to ramp up investments in Treasury bonds. The bill is widely viewed as a cornerstone of Trump’s vision to boost the dollar’s dominance through stablecoins.
The CLARITY Act will Open Doors for Transparency in the System
The CLARITY Act is also gaining traction, aiming to end the long-standing confusion over whether crypto assets should be treated as securities or commodities. While the bill remains under committee review, “Crypto Week” is expected to amplify support for its consumer protection and token classification framework. However, it has faced some pushback, with former CFTC Chair Tom Massad expressing concerns about the bill’s flexible language and regulatory ambiguity.
Anti-CBDC Act: Less Urgent, But Politically Symbolic
Rounding out the trio is the Anti-CBDC Surveillance State Act. Though it hasn’t seen movement in recent months, Republicans are still backing it strongly as a preventative measure against a government-issued central bank digital currency. The bill would essentially block the Fed from issuing a CBDC, aligning with Trump’s clear anti-CBDC stance. However, the proposal doesn’t affect citizens using foreign CBDCs, making its practical impact limited for now.
Congressional Crypto Push Gets Real
With Republicans pushing forward on these bills, “Crypto Week” marks a historic moment for US crypto legislation. While the GENIUS Act seems set to pass, the other two bills may gain momentum from the increased attention. The week may also reveal how deep the divide is between pro-crypto innovation and concerns about regulation and control.