Bitcoin’s been toying with our bags all week, flirting with new highs, faking you out just to question your entire portfolio, then bouncing back so half of CT’s picking Lambo colours again. 🏎️
This week’s reason? Crypto Week 2025 is here: five days where US lawmakers could flip the switch on crypto regulation.
For real this time. Or so they say.
🗳️ Here’s what’s cooking in DC:
✅ CLARITY Act:
This bill aims to clearly define which crypto assets are securities and which are commodities, finally settling the overlap between the SEC and CFTC. This means exchanges, projects, and investors will know exactly which regulator they answer to, a big deal after years of lawsuits like Ripple’s.
✅ GENIUS Act:
This one focuses on stablecoins. If passed, it would require stablecoin issuers to hold 1:1 cash reserves, register with federal regulators, and follow strict anti-money laundering rules. The goal is to prevent risky collapses like Terra and make stablecoins safer for everyday use.
✅ Anti-CBDC Act:
This proposed law would block the creation of a US central bank digital currency (CBDC). Supporters say it protects financial privacy by stopping the government from issuing a digital dollar that could be used to track how people spend their money.
If these pass, it’s a huge green light for clearer rules and fresh TradFi capital to come in. But… not everyone’s on board: House Democrats have branded this “Anti-Crypto Corruption Week” to push back, so expect fireworks.
📈 Why the charts are popping off:
▪️BTC open interest just hit an all-time high of $85B, traders are loading up, betting the votes go our way.
▪️BTC’s up 12% in seven days, trading around $122K. The next big test? Break through $124K cleanly, and that ascending trendline points straight to $136K, which lines up with the 123.6% Fib extension. Chart nerds are foaming.
▪️RSI’s hovering at 71. Not overcooked yet, but any push past 80 could mean a breather. Right now? Still plenty of room if momentum holds.
Add in the fact that CPI and PPI data drop this week, plus fresh chatter about a possible Fed rate cut, and you’ve got extra rocket fuel for the bulls.
🗓️ Your cheat sheet:
▪️July 14: House Rules Committee sets the stage, debates the bills.
▪️July 15: Senate Ag Committee digs into market structure, plus voting begins.
▪️July 16: House Ways and Means Committee tackles crypto tax.
▪️July 18: If all goes smooth, GENIUS could hit the big desk for signing.
If all three bills pass? Some say it could unlock the next leg of the bull, with stablecoins de-risked, clear market rules, and no CBDC surveillance drama.
Everyone’s got the bull run tweets ready. Let’s see if DC can deliver the receipts.🤞
Save it. Share it. Wake up your group chat. Web3 never stays quiet. 🫡