U.S. House to Vote on Three Major Crypto Bills — Will the Market Rally or Price in the News?
Source Tradingkey
TradingKey – On Monday, July 14, the U.S. House of Representatives is set to vote on three landmark cryptocurrency bills that could reshape the regulatory landscape and fuel bullish sentiment across digital asset markets.
The bills include:
- GENIUS Act: Establishes a legal framework for stablecoins, including issuance, circulation, and investor protections.
- CLARITY Act: Aims to eliminate regulatory ambiguity and provide a comprehensive oversight structure for the crypto ecosystem.
- Anti-CBDC Surveillance State Act: Seeks to block the development of a U.S. central bank digital currency (CBDC), citing privacy and property rights concerns.
While the first two bills offer direct tailwinds for crypto adoption, the third indirectly supports decentralized assets like Bitcoin, which emphasize privacy and resistance to government surveillance.
At press time:
- Bitcoin (BTC) is up 3.82%, trading at $122,479
- Total crypto market cap has surged past $3.9 trillion, both setting new all-time highs
Bitcoin Price Chart – Source: TradingView.
According to Bitwise CIO Matt Hougan, legislative clarity is a key driver of Bitcoin’s recent rally. With the House expected to vote under the banner of “America First”, Hougan believes the bills are likely to pass — potentially triggering another wave of bullish momentum.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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