This week, the U.S. Congress is preparing to vote on important bills related to cryptocurrency, paving the way for clear regulations and cryptocurrency asset custody services at banks.
The passage of these bills will promote transparent market management for cryptocurrencies, facilitating safer access to cryptocurrency products for investors and financial institutions.
MAIN CONTENT
U.S. banks are permitted to provide cryptocurrency asset custody services to customers.
The GENIUS Act and cryptocurrency market structure bills are currently in a critical voting phase in Congress.
According to TD Cowen, Bitcoin's price forecast could reach $155,000 by the end of 2025 if support conditions are maintained.
What important cryptocurrency bills is the U.S. Congress preparing to vote on?
The U.S. Congress is expected to vote on bills like the GENIUS Act and those related to cryptocurrency market structure this week.
The GENIUS Act has been passed by the Senate, and if the House agrees without amendments, the bill will be sent to the President for signing into law. The market structure bills for cryptocurrency and central bank digital currencies (CBDC) are also being processed and will return to the Senate for final voting.
U.S. banks are now permitted to custody cryptocurrency assets
On July 14, 2025, U.S. federal banking regulators, including the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve (Fed), and the Office of the Comptroller of the Currency (OCC), jointly issued a statement allowing banks to provide cryptocurrency asset custody services to customers.
The statement clarifies that banking organizations may custody cryptocurrency assets in a fiduciary or non-fiduciary capacity and must comply with current banking regulations such as 12 CFR 9 or 150, state laws, and other legal regulations regarding fiduciary relationships.
"Banks may provide cryptocurrency custody services in either a fiduciary or non-fiduciary capacity. When operating in a fiduciary role, full compliance with relevant legal regulations is required to protect customer interests."
Excerpt from the statement of the Three Federal Banking Regulatory Agencies on July 14, 2025
How will this impact the cryptocurrency market?
Clear regulations and bank custody services contribute to strengthening investor and institutional trust, boosting significant capital inflows into the cryptocurrency market amidst a spreading optimistic sentiment.
TD Cowen, the investment and financial services arm of TD Securities, forecasts that the price of Bitcoin could reach $155,000 by December 2025, with a base scenario of $128,000. However, if the price of Bitcoin closes below the support level of $109,000 - $111,872 continuously, the downside target could be $55,000.
"Bitcoin has many favorable conditions to reach $155,000 in the next 18 months due to increasing institutional capital flows and improving legal infrastructure."
Deita One, Market Analyst, July 14, 2025
What legal requirements does the bank's cryptocurrency asset custody regulation meet?
Banks providing cryptocurrency asset custody services must comply with laws 12 CFR 9 or 150, state laws, and legal regulations regarding rights and obligations in fiduciary relationships to protect customer assets.
This ensures legal safety for both banks and customers in transactions, asset management, while limiting legal risks that may arise.
What changes will the GENIUS Act and cryptocurrency market structure bills bring?
The Vice Chairman of the House Financial Services Committee stated that the GENIUS Act will create a transparent legal framework for cryptocurrencies, contributing to promoting innovation and protecting investors.
In addition, the market structure bill will help control cryptocurrency exchanges while setting standards for central bank digital currencies.
Overview table of the impacts of cryptocurrency bills in the U.S.
Bill Main Content Key Impacts GENIUS Act Transparent regulations and investor protection for cryptocurrencies Increase confidence, promote investment and fintech innovation Market Structure Bill Control exchanges, regulate CBDC Stabilize the market, standardize trading activities Bank Custody Regulations Allow banks to legally custody cryptocurrencies Increase security, attract institutional investors
Frequently Asked Questions
What types of cryptocurrency assets can banks custody? Banks are allowed to custody popular assets such as Bitcoin and other cryptocurrencies in compliance with current legal regulations. How will the GENIUS Act impact individual investors? The bill provides a clear legal framework, helping individual investors to be better protected and minimizing legal risks. What is the forecast for Bitcoin's price by the end of 2025? According to TD Cowen, Bitcoin could reach $155,000 in a positive scenario or drop to $55,000 if it loses important support levels. What does bank custody of cryptocurrency mean for the market? This enhances reliability, boosts institutional capital flows, and protects customers from risks. What innovations for cryptocurrency does the market structure bill promote? The bill creates standards for trading on exchanges and the development of central bank digital currencies, contributing to market stability.
Source: https://tintucbitcoin.com/ngan-hang-duoc-luu-ky-tien-so/
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