Crypto Week Fallout: Can Trump‑Backed GENIUS Act and Stablecoin Bills Keep Bitcoin Soaring?
As Crypto Week wraps up in Congress, all eyes turn to whether Trump-backed GENIUS Act and related stablecoin legislation can sustain Bitcoin’s momentum past $120K. With Congress stalling these bills at crucial procedural votes, investors face a critical decision: Is this a policy-driven bull run or the calm before the storm?
1. What Happened This Crypto Week
“Crypto Week” began with high expectations: the House planned votes on three pro-crypto bills—the GENIUS Act (stablecoin regulation), the CLARITY Act (token classification), and the Anti‑CBDC Surveillance State Act :contentReference[oaicite:1]{index=1}. After Senate approval of GENIUS (68–30) :contentReference[oaicite:2]{index=2}, trouble hit when 13 House Republicans joined Democrats to block procedural steps, causing delays :contentReference[oaicite:3]{index=3}.
Trump personally intervened—meeting dissenters and securing a return vote :contentReference[oaicite:4]{index=4}. The House later passed a motion to reconsider the combined package, allowing individual votes ahead :contentReference[oaicite:5]{index=5}.
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2. Deep Dive: GENIUS Act and Stablecoins
Introduced by Senator Hagerty, the GENIUS Act mandates asset-backed reserves, regular audits, and federal oversight for stablecoin issuers :contentReference[oaicite:6]{index=6}. This offers legal clarity for USDC, USDT, and potential retail entrants like Walmart or Amazon :contentReference[oaicite:7]{index=7}.
Supporters link it to Bitcoin’s rise toward $123K, seeing it as institutional-level infrastructure :contentReference[oaicite:8]{index=8}. Critics warn of loopholes enabling “shadow banks” and insufficient consumer protections :contentReference[oaicite:9]{index=9}.
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3. CLARITY & Anti‑CBDC Bills
The CLARITY Act aims to delineate regulatory power between the SEC and CFTC :contentReference[oaicite:10]{index=10}, while the Anti‑CBDC Surveillance State Act stops the Fed from launching a digital dollar :contentReference[oaicite:11]{index=11}. Together, they would foster clearer and safer crypto ecosystem for both investors and developers.
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4. Impact on Bitcoin & Crypto Markets
Bitcoin spiked to $123K early in the week, backed by ETF inflows and policy optimism :contentReference[oaicite:12]{index=12}. However, the sudden stall caused a dip to ~$119K :contentReference[oaicite:13]{index=13}. Institutional flows continue—Circle soared 17%, Coinbase gained 4% on voting updates :contentReference[oaicite:14]{index=14}.
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5. Political Divide in Congress
Mountain of intra‑party conflict surfaced, led by hardliners demanding an anti-CBDC clause :contentReference[oaicite:15]{index=15}. Rep. Marjorie Taylor Greene rejected the GENIUS vote without an explicit CBDC ban :contentReference[oaicite:16]{index=16}. Speaker Johnson’s strategy to bundle bills backfired, triggering procedural entanglement :contentReference[oaicite:17]{index=17}.
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6. YassCrypto’s View: What Investors Should Watch
- 📈 **Bullish Scenario:** Passage of GENIUS alone could stabilize $BTC and unlock broader altcoin capital.
- ⚠️ **Bear Case:** Persistent legislative delays and consumer protection concerns may limit enthusiasm.
- 🎯 **Key Triggers:** House success on reconsideration vote (expected this week) AND Senate alignment with modifications.
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7. What Comes Next
- Monitor next procedural votes on GENIUS + individual CLARITY & Anti-CBDC bills.
- Policy adoption could fuel a sustained rally toward $150K‑$180K by year-end :contentReference[oaicite:18]{index=18}.
- Failure to pass could trigger volatility and political misalignment.
-🧠 Related Read: from YassCrypto:
• [Bitcoin vs. Gold: Which Is the Better Safe Haven in 2025?](https://www.yasscrypto.com/2025/06/bitcoin-vs-gold-safe-haven-2025.html)
• [US Crypto ETF Approval Odds Surge to 90% or Higher…](https://www.yasscrypto.com/2025/06/202506crypto-etf-sec-approval-2025.html)
• [Top 7 Altcoins to Watch in 2025](https://www.yasscrypto.com/2025/05/top-altcoins-2025.html)
🔗 External Sources:
• AP News – Republicans declared it 'crypto' week in the House
🔗 https://apnews.com/article/cryptocurrency-trump-house-c5615ca72cd77b5895bafac9d4cf1d79
• Business Insider – Crypto prices jump as GENIUS Act nears House vote
🔗 https://www.cnbc.com/2025/07/15/trump-crypto-week-stablecoin.html
• Reuters – Crypto bills hit procedural snag in Congress
🔗 https://www.reuters.com/legal/government/crypto-bills-hit-procedural-snag-congress-2025-07-15/
• Axios – Crypto Week could change how Americans use money
🔗 https://www.aljazeera.com/economy/2025/7/14/what-is-the-uss-crypto-week-why-has-bitcoin-hit-a-record-high
• Barron’s – Bills breakdown and investor sentiment
🔗 https://www.barrons.com/articles/genius-act-clarity-act-crypto-week-a4239c9c
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📌 Disclaimer:
This piece reflects **YassCrypto’s analysis** of public information and media reports.
It is **not financial advice**. Always conduct your own research before investing.
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See our upcoming post: *Crypto Week Aftermath – Does Policy Make or Break Market?*
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