House Passes Crypto Bills
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Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.
"Crypto Week" kicks off in the U.S. as lawmakers debate key bills that could reshape digital asset regulation. Here’s what the legislation means for Bitcoin, investors, and the future of crypto in America.
Crypto on The Street on MSN1h
Crypto markets remain flat even as House clears all three major crypto billsIn a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.
Crypto may have become part of many portfolios, but few of us use digital assets on a regular basis. Recent Motley Fool research shows that more than one in five Americans own crypto, but around a quarter of them have limited understanding of how it works. That needs to change.
Crypto has done well in the “D.C. swamp.” President Donald Trump has his own meme coin, a type of highly speculative currency sometimes with a celebrity hook, in this case Trump, to drive public interest. Trump’s crypto assets are valued at more than $7 billion, The New York Times recently reported.
Bitcoin reached a new all-time high on Monday, as investors looked forward to a busy week for crypto legislation. The price of bitcoin jumped around 3% briefly on Monday, trading as high as $123,166 — a new record for the crypto. After hitting this level, bitcoin cooled slightly, falling below $120,000.