This week, the U.S. House of Representatives will intensively review three bills closely related to the cryptocurrency industry, pushing cryptocurrency prices to a new high in early Asian trading on Monday (July 14) and quickly breaking through the US$120,000 (about S$153,700) mark.
This week, the U.S. House of Representatives will intensively review three bills closely related to the cryptocurrency industry, pushing cryptocurrency prices to a new high in early Asian trading on Monday (July 14) and quickly breaking through the US$120,000 (about S$153,700) mark.
As of 6:48 p.m., the price of Bitcoin was $120,2018.71. On May 22, 2025, the price of Bitcoin broke through the $110,000 mark for the first time, which is just over a month away.
International large banks have different views on the US cryptocurrency bill
According to Reuters, the reason behind the high sentiment in the cryptocurrency trading market is that the U.S. Congress has opened “Cryptocurrency Week” this week. The House of Representatives will intensively review three bills related to the cryptocurrency industry, which may bring the industry long-awaited regulatory transparency.
According to Reuters, the reason behind the high sentiment in the cryptocurrency trading market is that the U.S. Congress has started “Cryptocurrency Week” this week. The House of Representatives will intensively review three bills related to the cryptocurrency industry, which may bring long-awaited regulatory transparency to the industry.
Amundi Asset Management believes that the development of stablecoins pegged to the U.S. dollar may bring shocks to the global payment system.
The three bills are the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.