The post reflects a statement by Bo Hines, U.S. Director of Digital Assets under President Trump, announcing "Crypto Week" in the House, starting July 14, 2025, to push legislation like the GENIUS Act and Clarity Act, aiming to position America as the global crypto leader, a shift from the Biden administration's SEC crackdown that prioritized consumer protection over industry growth.
This legislative push coincides with a surprising bipartisan Senate vote (68-30) on June 17, 2025, passing the GENIUS Act, which regulates stablecoins with reserve requirements and AML compliance, yet critics like Rep. Warren Davidson warn it may fail to ban central bank digital currencies (CBDCs), potentially enabling surveillance risks as seen in China’s social credit system.
Market reactions, including predictions of a Bitcoin price surge to $200k, align with a 2023 study from the National Bureau of Economic Research showing crypto prices often spike 15-20% during major regulatory clarity events, though the post’s hype may overlook Democratic concerns of corruption and consumer risks highlighted during the concurrent "Anti-Crypto Corruption Week."#USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH #ETHBreaks3k $BTC $ETH $XRP