Here’s a curated roundup of key happenings from U.S. Crypto Week (July 14–20, 2025)
📈 Market Snapshot
Bitcoin hit record highs around $118,800, driven by inflows into spot Bitcoin ETFs, a weakening U.S. dollar, and pro‑crypto legislative momentum .
Ethereum also surged, nearing $3,040 — reaching a 2025 peak .
Major crypto-related stocks (e.g., MicroStrategy, CleanSpark) and crypto miners saw notable gains amid optimism .
🏛️ Legislative Highlights
1. GENIUS Act
Passed the Senate on June 17, 2025, this bill mandates stablecoins be fully reserve‑backed, audited, and AML‑compliant. The House will consider it during Crypto Week .
Strongly supported by President Trump, with potential backing from retail giants (e.g., Walmart, Amazon) planning their own stablecoins .
2. CLARITY Act
Aims to delineate oversight roles: CFTC for crypto-commodities and the SEC for securities. Seeks to provide clear regulatory structure .
3. Anti‑CBDC Surveillance State Act
Prohibits Federal Reserve from launching a central bank digital currency (CBDC), aiming to protect privacy .
4. Senate & Banking Committee Hearings
Senate hearing on July 9 emphasized a regulatory framework focused on fostering innovation without stifling growth .
🏛️ Institutional & Corporate Developments
Trump Media & Technology Group filed with the SEC for a “Crypto Blue Chip ETF,” allocating 70% to Bitcoin, 15% to Ethereum, plus smaller allocations in Solana, XRP, and CRO .
The SEC released 12‑page guidance on crypto‑ETF disclosures, indicating faster approval processes and institutional acceptance .
⚖️ Legal Watch
Roman Storm, co‑creator of Tornado Cash, is slated for trial on July 14 in New York, facing money laundering charges. The case could set a landmark precedent on developer liability .
🔍 What It All Means
1. Rising bullishness – Crypto Week’s legislation and Trump’s pro‑crypto stance have fueled investor and institutional optimism.
2. Regulatory clarity – If enacted, these bills could provide a firm framework for stablecoins, ETFs, custody, and oversight roles.
3. Volatility risk – Despite gains, markets remain sensitive to legislative outcomes and debates.
📊 Summary Table
Category Highlights
Markets Bitcoin ~$118.8k; Ethereum ~$3k; crypto stocks & miners rally
Legislation GENIUS Act (House vote upcoming); CLARITY Act; Anti‑CBDC Act
Institutional Moves Trump’s “Crypto Blue Chip ETF”; improved SEC disclosure rules for crypto ETFs
Legal News Tornado Cash trial begins July 14
These events mark a pivotal moment for U.S. crypto regulation—regulatory certainty is near, but outcomes remain uncertain, and the next few days could steer market direction sharply.