Welcome to "Crypto Week." With Two Cryptocurrency-Focused Bills in the House This Week, Is The Industry Officially Mainstream?

Bitcoin (CRYPTO: BTC) broke the $120,000 barrier on Monday, July 14, as what's been dubbed "Crypto Week" kicked off in Washington D.C. Ethereum (CRYPTO: ETH) pushed above $3,000 for the first time since February. And crypto's total market cap reached a new high of over $3.8 trillion. As CoinTelegraph points out, that's close to the UK's GDP. What's driving the increase? In part, it was optimism about regulatory change. The House had planned to discuss three crypto bills between July 14 and 18. The GENIUS Act, designed to regulate stablecoins, the Digital Asset Market Clarity Act (Clarity Act), which sets clear definitions of what a security, cryptocurrency, or stablecoin is, and a No CBDC Act, which would essentially prevent the Fed from launching a digital dollar. In reality, Crypto Week fizzled on Tuesday after failing to get enough votes in the House to move to debate. Nonetheless, the very fact that these legislative changes are on the table and have progressed so far, so quickly raises the question of whether the industry is now officially mainstream.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool