This week marked a landmark moment for U.S. crypto: “Crypto Week” 2.0 saw Congress greenlight game‑changing reforms, and the markets responded in kind.
1. House passes three major crypto laws
On July 17, 2025, the U.S. House approved three crucial bills: the GENIUS Act (cref. stablecoin regulation), the CLARITY Act (defines whether SEC or CFTC leads on different digital assets), and the Anti‑CBDC Surveillance State Act (blocks the Fed from issuing a central bank digital currency) . These policies are now headed to President Trump’s desk, creating a roadmap for stablecoin oversight and clearer agency jurisdiction .
2. Bitcoin surges past $123K
As anticipation built, Bitcoin shot to an all-time high near $123,165 on Monday, driven by bullish institutional flow and regulatory optimism . By today, BTC still trades above $120K, holding firm at ~$120,350 .
3. Ethereum breakout continues
Ethereum was the standout this week—up nearly 6–10%, trading between $3,600–3,700, and nudging $4,000 in some sessions . Its momentum is fueled by both ETF inflows and the broader legislative wave.
4. Altcoins sparkle
Altcoins are following suit—XRP set a new all-time high around $3.66, while Uniswap and Dogecoin surged 14–17% amid the rally .
5. SEC rolls out crypto‑ETF disclosure rules
Beyond Congress, the SEC published its first-ever guidance on disclosure requirements for crypto ETFs. Expect standardized transparency on fees, custody, and underlying asset risks .
6. ETF innovation heats up
Nasdaq recently filed to allow staking within BlackRock’s iShares Ethereum Trust, potentially bringing yield opportunities directly into mainstream ETFs . Meanwhile, the SEC delayed decisions on in-kind redemptions for Bitwise ETFs, now expected by early September .
What This Means for Traders
The active legislative environment is reshaping the regulatory foundation—greater clarity + ETF flows = strong institutional tailwinds. Bitcoin’s rally above $120K and Ethereum nearing $4K reflect this synergy. Meanwhile, altcoins are enjoying spillover benefits. A cadence of approvals, SEC guidance, and ETF enhancements could extend this momentum through late July and beyond.
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