Bitget Insights: U.S. Crypto Regulatory Milestone as GENIUS, CLARITY, and Anti-CBDC Acts Advance
Washington's "Crypto Week" has ushered in a transformative phase for digital asset regulation, with three pivotal bills—the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act—securing a narrow 215-211 procedural vote in Congress. This landmark decision, influenced by former President Trump's intervention, has reignited long-stalled crypto policy debates. The GENIUS Act introduces the first federal stablecoin framework, signaling a bullish shift toward institutional clarity. Meanwhile, the CLARITY Act aims to delineate jurisdictional boundaries for crypto assets, while the Anti-CBDC bill counters central bank digital currency surveillance risks. For traders on Bitget and beyond, these developments could catalyze market confidence and regulatory tailwinds for 2025 and beyond.
U.S. Crypto Week Brings Regulatory Shift: GENIUS, CLARITY, and Anti-CBDC Acts Advance
Washington's "Crypto Week" has marked a pivotal moment for digital asset regulation, with three key bills—the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act—clearing a critical procedural vote in Congress. The 215-211 margin followed former President Trump's intervention, reigniting stalled crypto policy discussions.
The GENIUS Act establishes the first federal framework for stablecoins, addressing licensing, reserve requirements, and disclosures. Bitget CEO Gracy Chen hailed the development as a "turning point" for industry clarity. Meanwhile, the CLARITY Act aims to resolve the SEC-CFTC jurisdictional conflict by creating definitive classifications for digital assets as securities, commodities, or stablecoins.
In a bold stance on financial privacy, the Anti-CBDC Act explicitly prohibits the Federal Reserve from issuing a retail central bank digital currency. Together, these bills signal more than incremental change—they represent the emergence of a structured regulatory paradigm for cryptocurrencies in America.
XRP Surges 20% to $3.61 Amid Institutional Demand and Breakout Momentum
XRP rallied more than 20% in the past 24 hours, reaching $3.61—its highest level since early 2018—as institutional buyers and breakout traders capitalized on key volume windows. The surge followed weeks of consolidation NEAR $3, with volatility spiking to nearly 20%, reflecting strong market conviction.
CoinDesk Analytics reported over 200 million XRP traded during major breakout periods at 05:00, 08:00, and 21:00 UTC, breaching critical resistance at $3.52–$3.53. The $3.29–$3.30 zone held firm as support, with bulls consistently absorbing sell-side pressure.
Bitget Chief Analyst Ryan Lee identified short-term targets of $2.00–$2.17 on the downside and $2.65–$3.00 on the upside, with $2.50 as a pivotal level. Long-term projections suggest XRP could climb to $4.20–$10+ by 2030 if Ripple expands its payment infrastructure and regulatory clarity improves.
Lee also noted the potential for XRP to hit $5.89 in the medium term, particularly if crypto ETFs gain approval and institutional adoption accelerates. Technical indicators present mixed signals—RSI remains neutral while MACD suggests possible near-term consolidation.
Open interest in XRP derivatives surpassed $10 billion, the highest since 2021, while funding rates turned positive, signaling bullish sentiment and aggressive long positioning.
