Bitcoin reaches $ 120,000 a landmark with the US Congress preparing for “encryption week”

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Bitcoin recorded a record $ 120,000 on Monday, as American lawmakers prepared to vote this week on legislation aimed at making America a “coding capital” in the world.

The largest cryptocurrency in the world increased by 2.8 percent, up to 122404 dollars, with a profit of more than 10 percent last week and stretched very mass since Donald Trump’s electoral victory.

During the next week, lawmakers in the House of Representatives, which are controlled by Republicans, will discuss the law of the genius, the law of the digital assets market, and the CBDC control law law.

While the legislation extends everything from the issuance of companies from Stablecoins to the organization of the sector, investors said that the approval of the bills will help to push the encrypted currencies more to the main current of financing.

“As for capital allocations, what is more attractive is some similarity in clarity,” said Tim Chen, the global head of strategy at the Financial Services Company.

The Renaissance comes in Bitcoin less than three years after the collapse of the Crypto Exchange FTX.

But Trump’s return to the White House motivated the sector, as the president promised to turn the United States into the “Great Power of Bitcoin in the world” and stabilize the advocates of the cryptocurrency into several main jobs.

“We are developing prominent legislation to create a clear regulatory framework for digital assets.

The US Senate has already approved Genus, a bill that enables private companies to issue Stablecoins, a type of cryptocurrency associated with the origin of the US dollar.

The clarity law will create an organizational framework for digital assets that will “establish clear lines” between the Securities and Exchange Committee and the commodity futures trading committee to regulate digital assets.

The Anti -CBDC -Federal Reserve Law will prevent the issuance of a digital currency for the Central Bank.

Bitcoin gathering has also been collected with turbocharged shipping, as you buy an increasing range of cryptocurrencies as an investment and help their stock prices.

“This step is likely rising legs, as public companies that have Bitcoin will need their public budgets and increase the new capital to continue to buy to maintain the treasury’s exposure,” said Darius, founder of the QCP digital company.

Chen said at Mantle that the greatest organizational clarity will not increase the direction and “enter a wave of capital and founders.” “This means that the United States is open to work.”

Le Shi, the head of trading in Auros, a digital marketing company, said that the “Big Beutiful Law” corridor, which has also contributed to the Trump law this month also contributed to the gathering.

He said: “The clip has been interpreted by many market participants as a green light to buy everything. You see this through the seasons of multiple assets.”