Bitcoin News Today: Crypto Week Revives US Digital Asset Legislation Bitcoin Surges 9%

The United States House has resumed legislative action during what has been termed “Crypto Week,” with three critical measures—the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act—being given new life after a procedural vote that was narrowly passed (217-212). These initiatives might influence the future of digital assets in the United States, with ramifications for stablecoin issuers, decentralized platforms, and centralized crypto companies.

A senior GOP official highlighted the significance of these measures, stating that “this isn’t just about passing laws—it’s about unlocking the U.S. as the home of innovation.” President Donald Trump’s personal involvement, including his drive to include anti-CBDC wording in the National Defense Authorization Act (NDAA), apparently swayed a number of Freedom Caucus members who had previously slowed progress.

Following the announcement of the milestone, Bitcoin rallied above $119,000, while Ethereum surged 9%, passing $3,300. Meanwhile, Circle’s stock rose nearly 17%, while Coinbase rose 4%, showing increased investor optimism that clearer regulations would soon replace regulatory uncertainty. Financial analyst Lara Menendez of Ark Capital stated, “Markets value certainty. With the GENIUS Act finally getting a complete vote and the CLARITY Act moving forward, we’re seeing investor interest return very immediately.”

The heart of the package is the GENIUS Act, which creates the first legislative framework for stablecoins. It establishes reserve requirements, mandatory audits, and a dual licensing system overseen by federal and state authorities. The Senate passed it in June with bipartisan support (68-30), and a full House vote is scheduled on July 17. Meanwhile, the CLARITY Act aims to resolve the long-standing debate over whether cryptocurrencies are securities or commodities, which has been a source of contention in several SEC enforcement cases. Giving the Commodity Futures Trading Commission (CFTC) additional jurisdiction over digital tokens is consistent with what many in the sector have been advocating for. The Anti-CBDC monitoring State Act, which is linked to national security legislation, seeks to prohibit the Federal Reserve from establishing a Central Bank Digital Currency that might be used for mass monitoring or behavioral tracking.

Steven Goldfeder, CEO of Offchain Labs (Arbitrum), hailed the developments: “Regulatory uncertainty has been the single most significant deterrent for major institutions.” A legislative framework allows for involvement in a trustworthy system. The largest hurdle, ironically, was Republican infighting rather than Democrats or the White House. Members of the Freedom Caucus originally stopped the vote, citing concerns about bill consolidation and the wording surrounding CBDCs. Only after behind-the-scenes discussions, orchestrated in part by Trump’s staff, was a route forward established, allowing each measure to be voted on separately. To avoid procedural difficulties, the Anti-CBDC wording was ingeniously included into the NDAA.

Based on the latest research, the crypto week with two of the three measures anticipated to pass in the coming days and Senate alignment nearly assured, the United States may now be ready to provide regulatory certainty in a sector that has long been ambiguous. As industry executives, investors, and developers watch, Crypto Week may prove to be more than just political theater; it might mark the beginning of a new age in American digital finance.