Bitcoin Surges Above $120K Amid U.S. Crypto Legislation Push
Bitcoin’s rally past $120,000 isn’t just a technical breakout — it’s also being fueled by a pivotal moment in Washington known as “Crypto Week,” where U.S. lawmakers are set to vote on several major bills that could shape the future of digital assets in America.
What Is Crypto Week?
Crypto Week refers to a cluster of legislative activity in mid-July 2025, during which U.S. lawmakers are advancing and voting on high-impact crypto-related bills. These include:
- Financial Innovation and Technology (FIT) Act – Aims to define when a crypto token transitions from a security to a commodity.
- Clarity for Payment Stablecoins Act – Establishes a regulatory framework for stablecoins, allowing banks and certain non-banks to issue them.
- CBDC Anti-Surveillance State Act – Would prevent the Federal Reserve from issuing a central bank digital currency (CBDC) without congressional approval.
- Keep Your Coins Act – Protects the right of individuals to self-custody digital assets in private wallets.
Together, these bills represent the most significant push yet to establish clear U.S. crypto regulations.
Why It’s Moving Markets
- Regulatory Clarity = Institutional Confidence
Investors and institutions have long hesitated due to legal ambiguity. Progress on these bills signals that Washington is finally ready to offer clear rules — a green light for large-scale adoption. - Bullish Political Tone
The bills are gaining bipartisan traction, and several lawmakers — especially pro-crypto Republicans — have voiced strong support. This comes alongside speculation that a second Trump administration would favor crypto-friendly policies. - Defense Against Overreach
Bills like the Anti-CBDC Act are seen as protecting crypto from becoming over-regulated or monitored. That appeals to Bitcoin’s core investor base, which values decentralization and privacy. - Spot ETF Tailwinds
As these bills progress, it bolsters the credibility of recent spot Bitcoin ETF approvals, fueling further flows into crypto from traditional asset managers.
Final Take
Crypto Week is more than just politics — it’s a turning point that could finally give the U.S. crypto market the legal foundation it’s lacked for years. With Bitcoin smashing through $120K, investors appear to be betting that regulatory clarity will open the floodgates to even broader adoption.