President Trump signed the GENIUS Act — historic regulation of stablecoins
On July 18, 2025, President Donald Trump signed the "GENIUS Act" (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which introduces the first-ever comprehensive federal framework for regulating stablecoins — cryptocurrencies pegged to the dollar. The law mandates issuers to maintain 1:1 reserves in cash dollars or short-term government bonds, conduct monthly public reporting and independent audits, and comply with banking supervision, anti-money laundering, and sanctions rules
The document bans algorithmic stablecoins, restricts politicians' participation in profits from them (except for the president), and defines priority rights for owners in case of issuer default
The law also extends jurisdiction to foreign issuers working with clients in the USA
Analysts believe that the key benefit will be an increase in trust, stability, and an influx of institutional capital — positive effects are expected for the crypto market and the dollar as a global reserve currency
The crypto market has crossed $4 trillion in capitalization
In the middle of the week, July 18-19, the global capitalization of the crypto market rose to $4 trillion — for the first time in history
This event was the result of rising prices for leading coins: Bitcoin surpassed $120,000 (weakening the decline — according to Reuters, BTC decreased by 1.8%, but with a subsequent rebound above $120,000)
ETH rose by 4.5%, while XRP and SOL also demonstrated significant growth
Analysts note: the increase in value was the result of a synergy effect — the adoption of the GENIUS Act contributed to the inflow of institutional investments (ETFs, corporate assets), as well as active trading in narrow interests (ETH spot ETF, BTC institutional inflows)
Binance, Coinbase, and Robinhood reached new highs after this surge — the market has entered a “greedy” phase, dominated by expectations of further rising institutional participation
#Cryptoweek regulatory wave in Congress
Last week, Congress declared "Crypto Week", during which the GENIUS Act, Clarity Act, and CBDC ban are being considered. This package of bills will largely determine the future of the market — including the rights of the SEC and CFTC
Success is already partially guaranteed, but the final vote is still ahead.
Bitcoin ETF has opened new frontiers for institutional engagement
From July 11 to 14, there was a significant influx of funds into Bitcoin and Ethereum ETFs, with record activity among institutional investors. Experts called this a sign of a gradual shift in the investment paradigm and viewed it as a main driver not just of regulation but of its acceptance within high business circles
Strategic Bitcoin Reserve: a state initiative
A "Strategic Bitcoin Reserve" is being developed — a reserve of state BTC accumulated from confiscations (approximately 200,000 BTC, ~$10 billion). The working group is expected to present recommendations by July 2025. This indicates a government scheme for the use of cryptocurrencies as “digital gold”
Companies are purchasing BTC for reserves — a new trend
On July 17, it was reported that corporations are increasingly adding Bitcoin to their balance sheets as a long-term investment solution. Bernstein predicts that by the end of 2025, BTC could reach $200,000 if current trends do not change
Tether is buying treasury bonds — impact on yields
According to the study, Tether holds about $100 billion in T-Bills (1.6% of all treasury securities), reducing 1-month yields by 14–16 bps, and above 0.97% share — to 24 bps. This shows that stablecoin requirements can change debt markets
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