Bitcoin reached an unprecedented $122,055 on July 14, 2025, marking a 29 percent surge this year and fueling a broader cryptocurrency market boom.
The rally coincides with the start of “Crypto Week,” where the US House of Representatives will debate three pivotal bills aimed at establishing a clearer regulatory framework for digital assets.
The total market value of cryptocurrencies has now swelled to approximately $3.8 trillion, according to CoinMarketCap, with Ether also hitting a five-month peak at $3,048.2.
The GENIUS Act, already passed by the Senate, seeks to define whether crypto tokens are securities or commodities, reducing legal ambiguity for startups.
The Clarity Act would limit federal agencies’ ability to overextend regulatory power through court rulings, ensuring Congress sets crypto governance rules.
The Anti-CBDC Surveillance State Act aims to block the Federal Reserve from issuing a central bank digital currency, citing concerns over government surveillance of financial activities.
Some Democrats, including Senator Elizabeth Warren, have voiced apprehension about the proposed legislation, warning it may favor the crypto industry excessively.
“I’m concerned that what my Republican colleagues are aiming for is another industry handout,” Warren stated on July 9 at a Senate hearing.
Critics argue that new rules must maintain robust anti-money laundering measures and prevent crypto market volatility from impacting traditional financial systems.
The legislative debates mark a shift from the Biden administration’s stringent approach, which treated digital assets like securities, subjecting them to strict regulations.