Bitcoin has hit a new all-time high, crossing $122,000 just as the US launches its pivotal “Crypto Week.” This week, the US House is set to vote on three major crypto-friendly bills that could finally give the industry a clear regulatory framework.
President Trump, now an outspoken crypto supporter, is backing policies that favor digital assets, a sharp contrast to Biden’s stricter SEC-led crackdowns. Trump’s pro-crypto stance, including plans for a national crypto reserve and his family's ventures in meme coins, has energized the market.
Bitcoin has already surged 75% since Trump’s re-election in 2024, with the broader crypto market value now nearing $3.8 trillion. If these new laws pass, crypto firms expect a wave of sidelined capital to flood back into the US market.
However, critics like Senator Elizabeth Warren warn that these policies may weaken investor protections and anti-money laundering efforts. Still, the momentum is clear — with the US positioning itself to become the “crypto capital of the world.”