#USCryptoWeek Breaking Through Crypto Fog in Washington

Bitcoin just surged to a record ~$118K, igniting U.S. crypto equities and sending market cap past $3.7 trillion—just in time for “Crypto Week” in Washington starting July 14 . Congress plans to vote on three key bills: the CLARITY Act, GENIUS Act, and the Anti‑CBDC Surveillance State Act, all targeted at providing long‑needed regulatory clarity .

🔑 Why It Matters:

Market structure reform via the CLARITY Act could assign crypto oversight to the CFTC and define what tokens are commodities .

The GENIUS Act, already passed by the Senate, mandates strong reserves and disclosures for stablecoin issuers—opening doors to corporate stablecoins from giants like Amazon or Walmart .

The Anti‑CBDC act aims to block a central bank digital currency and protect financial privacy .

Investor sentiment is upbeat: technical chartists see BTC forming a cup‑and‑handle, projecting a potential 14% rally to around $134K . But caution remains as critics warn institutional enthusiasm may outpace legislative realities .

💡 Bottom Line: #Crypto Week could be a tipping point—transforming U.S. policy from uncertainty to legalized clarity. Investors and institutions are watching closely.