#Bitcoin❗ price traded slightly down early Thursday as three key pieces of legislation for the #crypto sector moved through Congress. Several large altcoins were soaring.
The world’s largest cryptocurrency $BTC was down 0.54% over the past 24 hours to trade at $118,530, according to CoinDesk data. Meanwhile, Ether jumped 9.5% and $XRP climbed 7.7%. #solana and #memecoin $DOGE rose about 6% each.
Over the past seven days, Ether and XRP have gained 23% and 28%, respectively. Bitcoin has climbed just under 7%.#AltcoinSeasonLoading
Late Wednesday the House of Representatives, after a long stall, passed a procedural vote 217-212 to advance a trio of bills aimed to regulate the crypto sector: The GENIUS Act, the CLARITY Act and the Anti-CBDC Surveillance State Act.
The GENIUS Act would set out a regulatory framework for so-called stablecoins—coins pegged to a fiat currency—while the CLARITY Act would address confusion over what asset class cryptocurrencies belong to. The Anti-CBDC Surveillance State Act addresses privacy concerns.@比特币交易员大掌门
Crypto supporters largely agree that, if passed similarly to their current form, these bills could transform the sector and allow for more investments, especially from institutions.@Lagrange Official
