Following Hill's revelation, there is a possibility that the House will pass cryptocurrency bills before July 17. Industry players are watching the proceedings in the House of Representatives as Cryptocurrency Week begins.
Yesterday, Donald Trump acknowledged Cryptocurrency Week and the potential impact of the GENIUS Act by positioning the United States ahead of China and Europe. Trump urged Republican lawmakers to vote in favor of the three cryptocurrency-related bills to maintain the United States' edge over its peers.
Amid reports of bipartisan support for the three bills, the price of Bitcoin has risen, trading at $119,467. Other altcoins are also up, with Ethereum and Solana gaining an impressive 4% and 3.27% respectively over the last day.
