On July 17, the U.S. House passed the GENIUS Act, pioneering the first federal stable coin regulation framework. Signed by President Trump a day later, the law mandates 1:1 asset backing, audited reserves, and dual federal–state oversight.
In response, the global crypto market surged past $4 trillion as investor confidence soared. Bitcoin topped $123,200 and Ether surged nearly 20%. Altcoins like Solana and Uniswap also spiked. Analysts describe the surge as more than just sentiment—it’s an institutional turn for digital assets long viewed as fringe instruments.
The CLARITY Act and Anti-CBDC Surveillance State Act also advanced; the first clarifies regulatory boundaries between agencies, and the latter opposes central bank digital currencies given privacy concerns
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