Congress is set to vote today on three landmark bills—the GENIUS Act, CLARITY Act, and Anti‑CBDC Surveillance State Act—aimed at stabilizing rules around stablecoins, token classification, and preventing a digital dollar overspill from the Fed .
Optimism from President Trump and House leadership has bolstered market sentiment .
📈 Markets React: BTC Rebounds, ETH Soars
Bitcoin climbed ~2%, to just shy of $120,000 .
Ethereum surged ~8% to ~$3,288 .
Other major tokens like XRP and Solana gained 1–4% .
💹 Binance Market Snapshot – July 16
BTC range: $115,700–$119,200; trading around $119,150 (+1.9%) this morning .
$49M in BTC and $135M in ETH liquidations occurred today .
🌐 States Push Innovation
Arizona, Texas, and Utah—tagged as “Trailblazers” for on-chain policy—are leading state-level crypto frameworks, including blockchain pilots and Bitcoin reserve programs .
🔍 What to Watch
1. Final voting outcomes on the three House crypto bills.
2. Impact on BTC/ETH and stablecoins if the GENIUS Act passes.
3. Adoption by banks and fintechs once clarity emerges.
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📊 Key data at a glance
Token Change Price
BTC +1.9% ~$119.1K
ETH +8% ~$3.29K