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Crypto Week Is Coming: Will These 3 Bills Send Bitcoin to $120K?

Published by
Zameer Attar and Qadir AK

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.

FAQs

What exactly is “Crypto Week” in the U.S. Congress?

“Crypto Week” is a dedicated period, specifically July 14-18, 2025, during which the U.S. House of Representatives will prioritize the discussion and potential passage of key cryptocurrency-related legislation. This initiative, spearheaded by House Republicans, aims to advance President Trump’s digital assets agenda and establish clear regulatory frameworks for the crypto industry.

What is the GENIUS Act, and how could it impact the crypto market?

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) has cleared the Senate and is expected to pass in the House. It aims to integrate stablecoins into the traditional financial system, potentially boosting the dollar’s dominance through regulated stablecoins. This could bring significant institutional investment and foster market growth.

How could the passage of these crypto bills impact Bitcoin’s current bullish momentum?

The passage of these bills, particularly the GENIUS Act providing regulatory clarity for stablecoins, could significantly bolster Bitcoin’s current bullish momentum. Clear rules and reduced regulatory uncertainty are expected to attract more institutional investors and foster broader adoption, potentially “kickstarting the next bull run” for Bitcoin and the entire crypto market.

Zameer Attar and Qadir AK

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

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