In early July 2025, the U.S. House of Representatives designated the week of July 14 as "Crypto Week." This initiative aims to advance digital asset legislation, focusing on the Senate-passed GENIUS Act and the Clarity Act. (Source: AP News, July 4, 2025)
The GENIUS Act, passed by the Senate on June 17, 2025, mandates stablecoins to be fully backed and requires annual audits for issuers over $50 billion. The Clarity Act seeks to establish a clear regulatory framework, designating the SEC and CFTC as primary regulators. (Source: AP News, July 4, 2025)
As of July 4, 2025, Bitcoin (BTC) is trading at $109,223, and Ethereum (ETH) is priced at $2,579.30. The crypto market continues to experience significant activity. Majority Whip Tom Emmer introduced legislation to prevent the Federal Reserve from issuing a central bank digital currency directly to individuals. (Source: AP News, July 4, 2025)