The U.S. House of Representatives set the Cryptocurrency Week from July 14 to 18 and met to make fundamental decisions on important bills, regulations, and other cryptocurrency-related issues. The timeline of the Week reveals that on the first day the representatives meet, followed by the voting in the House the next day.
It is worth noting that, after the rejection in the early voting, the GENIUS, CLARITY, and Anti-CBDC Surveillance laws were finally approved by the House in the session on July 17. These bills would define the oversight functions of cryptocurrencies, prohibit the launch of CBDCs, and more. Now, the stablecoin bill has passed to the President of the United States, Donald Trump, a supporter of cryptocurrencies.
Furthermore, Trump is also preparing to sign an executive order that would allow the inclusion of bitcoin, gold, and private equity in the 401(k) retirement plan. Amid these milestones reached during Cryptocurrency Week, the market is booming.
Digital assets like BTC, ETH, XRP, and the rest of the altcoins have crossed critical resistances and reached new highs.
