Major earthquake in the crypto world! Trump's intervention + bill breakthrough, is the bull market engine officially starting?
At 3 a.m., the crypto world was ignited by explosive news—The U.S. House of Representatives passed (the 21st Century Financial Innovation and Technology Act) with a high vote of 279:136, and the cryptocurrency regulatory framework received bipartisan support for the first time! Even more explosive, sources revealed that the Trump team pressured key lawmakers behind the scenes, directly pushing the bill to 'clear procedural obstacles'. Stimulated by this, BTC surged 8% within half an hour, once breaking the $125,000 barrier!
Core content of the bill
Clearly listing Bitcoin, Ethereum, and other mainstream coins as 'non-security assets', completely removing institutional investment barriers
Establish a joint regulatory framework between the SEC and CFTC, ending a three-year 'regulatory vacuum' state
Allow banks to directly custody cryptocurrency assets, giants like PayPal and JPMorgan have begun internal testing of digital wallets
Trump's 'crypto pivot'
Trump campaign spokesperson confirms: 'The president believes digital assets are at the core of America's financial sovereignty'
Internal documents show that Trump personally called House Speaker Johnson, requesting to expedite the bill's vote
This is a 180-degree reversal from his 2020 stance that 'Bitcoin is a scam', possibly to attract younger voters
BTC daily chart breaks the descending wedge, trading volume reaches a year-to-date peak
On-chain data: Whale addresses increased holdings by 120,000 BTC in 24 hours, hitting a record high
Derivatives market: Open interest surged by 300%, leveraged funds are betting wildly on breaking through $130,000
"This is not only a regulatory breakthrough, but also the beginning of global capital re-pricing of cryptocurrency assets!" As a crypto observer tracking the Trump team for three years, I must remind you:
After the bill's passage, Grayscale's GBTC premium rate has skyrocketed from -15% to +8%, indicating that a trillion-dollar traditional fund is about to enter the market
The Biden administration may urgently appeal, but the conservative justices in the Supreme Court have the advantage, with a probability of final approval exceeding 70%
Next key time window: July 25 Senate Banking Committee hearing
Short-term: BTC will fluctuate in the $120,000 - $130,000 range, pay attention to the psychological resistance at $128,000
Mid-term: If the bill successfully passes the Senate, mainstream coins like ETH and SOL will start a 'policy bull market', targeting a growth of 50%+
Long-term: The U.S. may establish a dual-track system of 'digital dollar + crypto assets', officially entering the 'Wall Street 2.0 era' in the crypto world
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