Dogecoin (CRYPTO: DOGE) had an impressive trading week, recording a strong price increase of 35.1% in just the past 7 days (as of 3 PM ET Sunday). Meanwhile, Bitcoin slightly decreased by 0.5% and Ethereum increased by 25.3% in the same period.

Dogecoin's outstanding growth indicates a wave of new capital flowing into altcoins – amid Bitcoin temporarily cooling off after setting record highs. However, it is the historically significant political developments in the U.S. that are the main catalysts for this price surge.

Dogecoin Soars After "Crypto Week" and GENIUS Act

Last week was marked by a special event in the U.S. Congress: "Crypto Week", with the passage of a series of bills related to cryptocurrency. A highlight was the U.S. House of Representatives passing the GENIUS Act – a law that plays an important role in establishing the first legal framework for stablecoins. Shortly after, President Trump signed the law and made strong supportive statements for the cryptocurrency industry.

At the same time, the House of Representatives also passed the Clarity Act – a law designed to clarify the scope of the U.S. Securities and Exchange Commission (SEC) regulation over digital assets. Although the Clarity Act still needs to be passed by the Senate, if it becomes law, it will limit the SEC's power and help the cryptocurrency market gain more clarity and freedom in its operations.

Overall, the clear support from the U.S. legislative and executive branches has ignited a wave of optimism in the market, especially with altcoins like Dogecoin – which are often overlooked in traditional investment strategies.

New Asset Strategy: Bit Origin "All-In" With Dogecoin

Not only with policy news, Dogecoin is also backed by a major corporate move: Bit Origin announced plans to raise $500 million through issuing stocks and convertible bonds to buy Dogecoin as reserve assets for the company's treasury.

This is the first time a publicly listed company has adopted a 'Crypto Treasury' strategy but chose Dogecoin instead of popular assets like Bitcoin or Ethereum. This sets a new precedent and could encourage other organizations to consider Dogecoin as part of their strategic investment portfolio.

Does Dogecoin Still Have Potential?

Although DOGE has surged recently, its price is still about 65% lower than its all-time high. This indicates that the room for recovery is still very large – especially if macro factors, policies, and business acceptance continue to progress positively.

If the trend of companies buying Dogecoin as reserve assets spreads, DOGE could completely establish a new sustainable growth cycle, rather than just being a 'meme coin' dependent on the community as it was before.

Conclusion

Dogecoin is showing signs of a remarkable transformation thanks to support from both legal policies and institutional investment demand. The "Crypto Week" event, the GENIUS Act, and the bold strategy of Bit Origin are clear signals that Dogecoin is no longer just a joke in the cryptocurrency market.

If this trend continues, DOGE could be one of the most notable altcoins in the near future – both in terms of investment and its role in the increasingly mature crypto ecosystem.