Bitcoin News Today: U.S. House Passes Three Key Crypto Bills, Bitcoin Surges to $119,000

The United States is emerging as a global leader in cryptocurrency advancements, driven by evolving legal frameworks and a surge in digital asset investments. The White House has recently emphasized its commitment to facilitating cryptocurrency adoption, with significant announcements that underscore the administration's dedication to this burgeoning sector. The American populace is rapidly investing in cryptocurrencies, with Bitcoin and Ethereum ETFs seeing unprecedented daily inflows. This trend is a testament to the ongoing efforts initiated during the Trump administration, which aimed to establish the U.S. as the capital of cryptocurrency.

Bitcoin's price has surged to over $119,000, while Ethereum is approaching $3,500. The White House Press Secretary, Leavitt, highlighted the administration’s readiness to pass the GENIUS Act and the likelihood of new legislative measures in the crypto space. The GENIUS Act, led by Tom Emmer, focuses on increasing innovation in new technologies like blockchain and artificial intelligence, aiming to keep the U.S. ahead in the tech world while creating clear and fair rules for digital assets. This act is a crucial component of the crypto industry's legislative agenda, aiming to establish a comprehensive framework for stablecoins.

The U.S. House of Representatives has made significant strides in advancing cryptocurrency legislation, marking a pivotal moment in the regulatory landscape of digital assets. On July 16, 2025, the House passed three key cryptocurrency bills—the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act—after a contentious debate that lasted nearly 10 hours. The vote, which ended in a close 217-212 decision, reflected the intense division surrounding crypto regulations in the U.S. The CLARITY Act, introduced by House Agriculture Committee Chairman G.T. Thompson, aims to bring clarity to the crypto space by defining which digital assets are considered securities and which are commodities. This distinction is crucial as it determines which government agency, the SEC or the CFTC, will oversee different parts of the crypto market. The bill received support from key lawmakers such as Dusty Johnson and Bryan Steil, who emphasized the need for clear regulatory frameworks to foster innovation and investment in the sector.

The Anti-CBDC Act, introduced by Emmer, works alongside the CLARITY Act to block the creation of a government-controlled digital dollar, also known as a Central Bank Digital Currency (CBDC). This act addresses concerns over the potential issuance of a CBDC by the Federal Reserve, aiming to preserve the existing financial system and prevent potential disruptions that could arise from the introduction of a new form of digital currency. The advancement of these bills signifies a pivotal moment in the regulatory landscape of cryptocurrencies. The CLARITY Act, in particular, has the potential to reshape the industry by providing a clear legal framework for digital assets. This clarity is essential for fostering innovation and investment in the sector, as it reduces regulatory uncertainty and encourages market participants to engage more confidently. The GENIUS Act, with its focus on stablecoins, addresses a critical aspect of the crypto ecosystem, ensuring that these digital assets, which are pegged to the value of traditional currencies, operate within a robust regulatory environment.

The progress of these bills underscores the evolving nature of cryptocurrency regulation in the United States. As the industry continues to grow and mature, lawmakers are increasingly recognizing the need for comprehensive and clear regulatory frameworks. The advancement of the CLARITY and GENIUS Acts, along with the Anti-CBDC Act, represents a significant step forward in this regard, paving the way for a more stable and predictable regulatory environment for digital assets. With real progress finally being made, the U.S. might be ready to enter a new chapter in how it handles digital money. The aggregate market valuation of cryptocurrencies has surged to a new peak of $3.85 trillion, with trading volumes steadily surpassing $200 billion. While Bitcoin’s dominance slightly wanes, the ETH/BTC pair shows encouraging recovery signs. Among the top 100 cryptocurrencies, several have marked double-digit gains, whereas, among the major players, XRP sustains nearly a 10% gain, reaching $3.32. This week’s top gainers, with over a 50% rise, include CRV, PENGU, XLM, BONK, and ALGO. The U.S. is positioning itself as the new global hub for cryptocurrencies, underpinned by evolving legal frameworks. This strategic shift is evident in the sustained rise of Bitcoin and a surge in altcoin rallies. The U.S. House of Representatives has made significant strides in advancing cryptocurrency legislation, marking a pivotal moment in the regulatory landscape of digital assets. The advancement of these bills signifies a pivotal moment in the regulatory landscape of cryptocurrencies. The CLARITY Act, in particular, has the potential to reshape the industry by providing a clear legal framework for digital assets. This clarity is essential for fostering innovation and investment in the sector, as it reduces regulatory uncertainty and encourages market participants to engage more confidently. The GENIUS Act, with its focus on stablecoins, addresses a critical aspect of the crypto ecosystem, ensuring that these digital assets, which are pegged to the value of traditional currencies, operate within a robust regulatory environment. The progress of these bills underscores the evolving nature of cryptocurrency regulation in the United States. As the industry continues to grow and mature, lawmakers are increasingly recognizing the need for comprehensive and clear regulatory frameworks. The advancement of the CLARITY and GENIUS Acts, along with the Anti-CBDC Act, represents a significant step forward in this regard, paving the way for a more stable and predictable regulatory environment for digital assets. With real progress finally being made, the U.S. might be ready to enter a new chapter in how it handles digital money.