A New Week:

Also known as American Crypto Week, the recent market sentiment has been stirred, with BTC breaking new highs several times, peaking around 123,300.

The main reasons come from three major favorable policies recently:

This week (July 14–18), three key bills will be reviewed:

GENIUS Act (Stablecoin Bill)

— Passed the Senate, will establish a regulatory framework for stablecoin issuance, requiring one-to-one reserves and mandatory disclosure.

Clarity Act (Market Structure Transparency Bill)

— Clarifies the regulatory division between the SEC and CFTC, promoting clearer market rules.

Anti-CBDC Surveillance State Act (Anti-CBDC Surveillance Bill)

— Prohibits the U.S. from issuing central bank digital currency, protecting privacy rights.

In addition, the House Ways and Means Committee will hold a hearing on July 16 for a dedicated discussion on cryptocurrency tax policies, promoting reform of the digital asset tax system.

This legislation is seen as a key point in reshaping the regulation of digital assets in the U.S. The market believes that even if it is not ultimately passed, it sends a positive signal, and the regulatory environment may welcome a structural change, clarifying management responsibilities, allowing the entire industry to operate under the law, and providing assurance for capable and developing institutional companies.

Overall favorable currencies or others: BTC, DeFi, ETH, SOL, stablecoin ecosystem, and Monero, etc.