What is the encryption week in the United States? Why did Bitcoin reach a record? | Encryption

Bitcoin has reduced $ 120,000 for the first time, a major landmark of the world’s largest encrypted currency in the period that could be a prominent week.

Beginning July 14, the “encryption week” will witness that the US House of Representatives is discussing three friendly bills for industry that is likely to provide encrypted currencies with the American organizational framework called by the Crowning Opinionals long ago.

US President Donald Trump urged politicians to renew their bases, away from a large number of lawsuits filed by encryption companies by the Securities and Stock Exchange Committee (SEC) during the era of former President Joe Biden (2021-2025), in favor of industry.

More wind expectations helped to push Bitcoin, an increase of 29 percent so far this year, To a standard level of 122,055 dollars on monday. Bitcoin, the first encrypted currency, started trading in January 2009, when it was estimated at only $ 0.004.

This increase has sparked a wider rally across other cryptocurrencies, such as Al -Atheer, the second most popular distinctive in the world, at an altitude of five months of $ 3,048.2 on Monday.

In general, the total market value of the sector swollen to approximately $ 3.8 trillion, according to Coinmarketca.

Current currencies are a form of cash exchange that allows people to bypass central banks and traditional payment methods.

What is at stake?

American lawmakers will discuss three main parts during the “encryption week”:

• Genius It aims to clarify when digital assets such as coded codes or commodities are considered to help startups to avoid legal uncertainty by providing clear regulatory rules. The National Innovation and Establishment Law of the Stablecoins (Genus) has already carried out the law The Senate passed.
• Clarity It would prevent federal agencies from using the court’s rulings to overcome the regulatory authority, ensuring that Congress – not the courts – defines how to classify the assets of encryption and the government.
• CBDC anti -monitoring law The Federal Reserve would prohibit the issuance of a digital currency for the Central Bank (CBDC), arguing that it could enable government monitoring of the financial activity of Americans and threatening individual privacy.

This represents a sharp reflection of the sector, which once threatened to do its work outside the United States, citing an enemy environment and enforcement of cracks.

The encryption companies have long accused the American financial organizers (such as the Supreme Education Council) at the enactment of confusing or conflicting bases.

“We expect the capital that was previously marginalized due to the uncertainty to re -enter … even if the final corridors are similar.”

This week’s decisions may make companies launch new digital asset products and trade in Crypto.

Does the proposed legislation include critics?

Democrats are expected to make amendments to genius and clarity.

Critics have argued that the Trump administration waives a lot of land for the encryption industry.

“I am concerned that what my Republican colleagues aim is another bulletin in the industry,” Democratic Senator Elizabeth Warren said on July 9 in the hearing of the Senate Urban Affairs Committee in the Senate in the hearing of the Urban Affairs Committee.

Congress urged to prevent public employees, including Trump, from issuing, supporting or benefiting from encrypted symbols.

Warren has also argued that the new encryption rules should not “open the rear door to destroy” securities laws for a long time, or allows fluctuations in the encryption market to spill to the traditional financial system.

Finally, I confirmed that the rules of anti -money laundering should apply to the industry. Encryption users are identified through the addresses of the digital alphabet, not their names, allowing bad actors to hide their illegal source.

The Biden Administration has adopted a difficult organizational position towards encrypted currencies, with the aim of overseeing digital assets such as securities subject to the same regulations as stocks and bonds.

What is Trump’s interest in encryption?

Trump, who was previously skeptical of encryption, became a major promoter during his presidential campaign last year, so that he became the first senior presidential candidate in the concerts to accept the donations of the campaign via Crypto.

During the 2024 campaign, those familiar with the encryption of nearly a quarter of a billion dollars, according to the Federal Election Commission data, spent to support encryption allies – and try to get rid of opponents.

In March, Trump He said it would create a coding reserve This will include five encrypted currencies (including bitcoin), adding that it will make the United States “the coding capital in the world.”

Meanwhile, Trump’s family company has launched many metal currencies for the cryptocurrency, or the Falasia assets inspired by jokes on the Internet or cultural references, such as $ Trump and $ Meania.

Trump faced criticism about conflicting interests regarding his family’s projects. For example, World Liberty Financial – a Trump’s encryption group and his children in 2024 – got $ 57 million.

Elsewhere, the Trump group presented the media and technology paper works to the Supreme Education Council in July to agree to the launch of “Crypto Blue-Chip ETF”, and a box circulated on the stock exchange bearing the Bitcoin and other digital currencies.

How was Bitcoin performed since Trump’s re -election?

If Bitcoin is a country, it will be the first ten by gross domestic product, almost equally with countries such as Brazil ($ 2.17 trillion) and Canada ($ 2.14 trillion).

Since the re -election of Donald Trump in November 2024, Bitcoin has increased by 75 percent, increasing from about $ 69,539 on election day to a record level. It rose to more than $ 100,000 for the first time last December.

The cryptocurrency fell briefly to less than $ 90,000 on February 25, amid the market tensions resulting from Trump’s announcement of the new definitions of multiple countries and industries worldwide, before recovering after Trump’s “encryption reserves”.

The rise of Bitcoin also reaches a wider background of economic uncertainty, especially global turmoil from the severe tariff in Trump-and is probably, indirect-imposed on major commercial partners worldwide, as well as continuous conflicts in Ukraine and the Middle East.

“Bitcoin has shown the flexibility this year, as it was fresh in line with macro’s exposure after customs tariff ads,” Citibank analysts wrote on a search paper last week.