Quote from: Abiky on July 17, 2025, 08:34:43 PM

Quote from: rdbase on July 15, 2025, 11:54:43 PM

There are several bills that are prepared to get signed into congress this week starting tomorrow into Thursday.
https://www.politico.com/live-updates/2025/07/14/congress/house-crypto-week-votes-00451112

https://www.politico.com/newsletters/morning-money/2025/07/14/house-gears-up-for-crypto-week-00450752

The one of major interest is the Genius Act that if passed can cause all the other dominoes to fall into place for bitcoin and cryptocurrenies as a whole:
https://www.cnbc.com/2025/07/14/crypto-week-genius-act.html

How so? I've thought the GENIUS act was suppossed to bring more clarity on stablecoin regulations. I think the one that will cause all the other dominoes to fall into place for Bitcoin and crypto would be the Anti-CBDC Surveillance Act. It will mark a huge win for privacy and freedom. Just what crypto/Blockchain stands for. Either way, all of these bills aim to make regulations more flexible for the industry. This will translate into higher investor confidence in the long run. I believe Trump is pushing the approval of pro-crypto bills for his own benefit. He has a Blockchain network (World Liberty Financial) and stablecoin (USD1) of his own.

By all means, the Trump administration is making history with its pro-crypto agenda. I hope Democrats don't put all efforts in vain if they win the White House and both chambers of Congress in the future (which is doubt they will). With all of the buzz surrounding stablecoins, I think they will become the de-facto digital Fiat currencies of the US. In essence, they will work like a CBDC. So even with the Anti-CBDC Surveillance Act in place, the US government would've already have an unofficial digital USD of its own. As for Bitcoin, the government will continue to increase its holdings as a sort of inflation hedge. Just like Gold. The Strategic Crypto Reserve is the first step. Exciting times ahead for all Bitcoiners.

It didnt look good yesterday-

Ofcourse, genius act is about stablecoin regulations, but remember 42% of the stable coins are on ETH network big reason why ETH has been moving up recently; and along with it so has BTC

This could pull Bitcoin "deeper into TradFi territory," potentially attracting more institutional investors and increasing trading volumes, which could drive Bitcoin’s price upward
Btc is already up 15-20% past 2 months mainly due to regulatory optimism

The act may lead to some privacy concerns and a shift towards stable coins, but the net result should still be positive to lead BTC to another ATH this year

Regarding the potential reversal by an eventual democrat government, yep thats very much a possibility, but still more then 3 years away
As expected , they are highly against it right now-

I highly expect BTC to keep reaching ATH's, atleast until a major policy shift in US in 3-4 years, and perhaps even a CBDC by that time Shocked