Bitcoin recently surged to an all-time high of approximately $120,000–$123,000, driven by optimistic legislative momentum in the U.S. Congress. This “Crypto Week” includes pivotal bills like the Genius Act, Digital Asset Market Clarity Act, and Anti-CBDC Surveillance State Act, which are designed to bring much-needed clarity on stablecoins, define SEC vs. CFTC jurisdiction, and ban a Federal Reserve digital dollar. Analysts believe this could usher institutional capital into crypto—fueling further BTC gains .