#USCryptoWeek

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What is the US’s Crypto Week? Why has Bitcoin hit a record high?

A number of important digital asset laws are set to be voted on in the US this week.

President Donald Trump speaks to the media, Sunday, July 13, 2025, on arrival to Joint Base Andrews, Md., en route to Washington, after attending the Club World Cup final soccer match in New Jersey. (AP Photo/Jacquelyn Martin)

US President Donald Trump speaks to the media on July 13, 2025 at Joint Base Andrews en route to Washington, DC, the United States [Jacquelyn Martin/AP Photo]

Published On 14 Jul 2025

14 Jul 2025

Bitcoin has scaled $120,000 for the first time, a major milestone for the world’s largest cryptocurrency in the run-up to what could be a landmark week.

Starting July 14, “Crypto Week” will see the US House of Representatives debate three industry-friendly bills that are likely to provide cryptocurrencies with the US regulatory framework that crypto insiders have long demanded.

US President Donald Trump has urged policymakers to revamp their rules, away from the plethora of lawsuits brought against crypto firms by the Securities and Exchange Commission (SEC) under former President Joe Biden (2021-2025), in favour of the industry.