Crypto Showdown in Congress: US House Decides Digital Asset Fate With Three Pivotal Bills
Washington's gearing up for a high-stakes crypto clash—three make-or-break bills hit the floor this week.
Subheader: Legislation or Lip Service?
Politicians finally dusted off their blockchain dictionaries as the House debates market structure, stablecoins, and who gets to call the shots—the SEC or CFTC. Spoiler: Wall Street's lobbyists already wrote half the amendments.
Subheader: The Regulatory Roulette
One proposal could greenlight institutional custody—BlackRock's lawyers are reportedly high-fiving. Another might slap stablecoin issuers with bank-level rules. Meanwhile, retail traders just want to know if their memecoins will survive the regulatory purge.
Closing jab: Nothing unites Congress like the smell of fresh lobbying money—this time it's just denominated in Bitcoin.
Crypto Sentiment Shifts as US Policy And Price Align
The crypto market is entering a new bullish phase, powered by more than just rising prices. Legal clarity and growing institutional support in the United States are reinforcing investor confidence. After months of uncertainty, bulls are now celebrating a decisive momentum shift. US President Donald Trump’s administration recently passed a long-anticipated pro-crypto bill just ahead of the self-imposed July 4 deadline. Dubbed the “big, beautiful” bill by Trump, the legislation is widely expected to create a favorable environment for digital assets.
Next week, the bullish sentiment may accelerate as the US House of Representatives kicks off “Crypto Week.” Led by the Financial Services Committee, lawmakers will review and debate three key pieces of legislation with long-term implications for the industry. The CLARITY Act seeks to define functional requirements for digital asset market participants, aiming to boost innovation while protecting consumers. The Anti-CBDC Surveillance State Act targets centralized digital currencies that could compromise financial privacy. Finally, the GENIUS Act addresses stablecoin regulation, proposing a framework for federal oversight of this fast-growing payment technology.
Together, these developments suggest that crypto is maturing. With strong technical setups, supportive macro tailwinds, and a historic week of US legislative progress ahead, digital assets are entering what could be the most pivotal phase of their adoption cycle to date.
Market Analysis: Breakout Signals Return of Bullish Momentum
The total crypto market cap has surged to $3.62 trillion, posting an 8.75% weekly gain and breaking out from a multi-week consolidation range. This latest candle reflects strong bullish momentum, closing well above the previous rejection area around $3.3 trillion. The breakout is supported by a significant spike in trading volume, suggesting renewed investor interest and broader participation across the crypto space.
From a technical standpoint, the chart confirms a series of higher lows since the start of 2024, marking a healthy uptrend. The 50-week and 100-week moving averages (at $2.84T and $2.33T, respectively) are both sloping upward and well below the current price, reinforcing long-term strength. Importantly, the total market cap has now come within striking distance of its historical all-time high of $3.8 trillion.
If this momentum sustains, a full retest and potential breakout above the ATH would mark a new phase of the bull cycle. Altcoins are showing signs of awakening, and Bitcoin dominance may begin to wane as capital rotates into higher-beta assets. The macro environment—with easing inflation fears and growing regulatory clarity—adds further fuel to this rally. A weekly close above $3.65T would confirm this bullish shift.
Featured image from Dall-E, chart from TradingView
