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Bitcoin Hits Record-Setting High of More than $121,000

UNITED STATES, JUL 11 – The bills aim to resolve regulatory uncertainty by defining oversight roles, protecting consumers, and blocking a central bank digital currency, with $9 billion lost to crypto scams last year, Sen. Warren said.

  • On Monday, July 14, Bitcoin's price rose above $120,000 amid growing interest and optimism in digital assets and crypto markets.
  • This surge coincides with the U.S. House of Representatives' upcoming Crypto Week from July 14 to 18, featuring votes on three key crypto bills.
  • The bills under consideration include the GENIUS Act, which provides a regulatory framework for stablecoins; the CLARITY Act, focused on clarifying the structure of digital asset markets; and the Anti-CBDC Surveillance Act, which prohibits the development or launch of a central bank digital currency in the United States.
  • The GENIUS Act passed the Senate last month and aims to create a framework overseeing stablecoins, which reached a $247 billion market size as of May 2025 with $27.6 trillion in transactions in 2024.
  • These legislative efforts could reshape U.S. crypto regulation and affect fiscal policy by lowering borrowing costs, while debates on asset classification and ethical concerns about crypto-related political donations continue.
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bankingdive.com broke the news in on Friday, July 11, 2025.
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