Welcome to Crypto Week, With Two Cryptocurrency-Focused Bills in the House This Week
On Monday, July 14, as what has been labeled “Crypto Week” got underway in Washington, D.C., Bitcoin (CRYPTO: BTC) went through the $120,000 barrier. For the first time since February, Ethereum (CRYPTO: ETH) broke through the $3,000 mark. Additionally, the market capitalization of cryptocurrency hit a new high of more than $3.8 trillion. That is comparable to the GDP of the United Kingdom, as noted by CoinTelegraph.
What is causing the rise? It was partly hope for a change in regulations. Three cryptocurrency measures were scheduled to be discussed by the House from July 14 to July 18. The Digital Asset Market Clarity Act (Clarity Act), which establishes precise definitions of what a security, cryptocurrency, and stablecoin are; the GENIUS Act, which aims to regulate stablecoins; and the No CBDC Act, which would effectively stop the Fed from issuing a digital dollar.
After failing to receive enough votes in the House to go to discussion, Crypto Week ended on Tuesday. The question of whether the business is now formally mainstream is raised by the mere fact that these legislative changes are being considered and have advanced so rapidly.
Are digital assets now mainstream?
Due in part to the growing market capitalization and the change in governmental sentiment, cryptocurrencies have gained prominence in 2025. However, going mainstream is not a result of either political rhetoric or price action. Widespread adoption in other industries as well as financial institutions is necessary for that.
Although it won’t be the only factor, legislative advancement would undoubtedly aid utilization. Long-term investors should keep an eye on these other indicators.
Increased use of stablecoins
Cryptocurrencies that are linked to tangible assets, like the US dollar, are known as stablecoins. The GENIUS Act would provide regulatory clarity to this industry if it were passed, especially with regard to reserves, audits, and know-your-customer regulations. Banks, merchants, fintechs, and even shops might use it as a launching pad to create their own currency.
Adoption may drastically shift if it becomes more affordable for customers to shop with an Amazon or Walmart stablecoin. A thriving and reliable stablecoin market may also make it simpler for customers in shaky economies to obtain dollars, which would encourage more people to use digital assets globally. For smart contract cryptocurrencies like Ethereum and Solana, that could therefore be important.
Global remittance adoption
The ability of blockchain technology to facilitate quick and inexpensive transactions is one of its appeals. You will see how cryptocurrency, especially stablecoins, has the potential to upend the global remittance market if you have ever paid fees and waited days for an international money transfer. Priority According to research, that market is expected to be worth around $30 billion in 2025 and might reach over $100 billion by 2034.
It’s critical to see how cryptocurrency is integrated into the market. PayPal (NASDAQ: PYPL), for instance, introduced its own stablecoin based on the Ethereum network. MoneyGram and Stellar (CRYPTO: XLM) are partners. Crypto may become widely used in international payments, especially if stablecoin laws are established. However, rather than individual cryptocurrencies upending the market, it is more possible that this will occur as a result of established businesses collaborating on crypto projects.
Real-world use cases for crypto
The Clarity Act would eliminate some of the regulatory ambiguity that has been impeding the growth of the cryptocurrency sector if it were to become law. However, the legal position is only one piece of the equation, and there is a chance that it will attract more investment without necessarily boosting adoption.
Although many portfolios now include cryptocurrency, few of us regularly employ digital assets. More than one in five Americans hold cryptocurrency, according to a recent Motley Fool study, yet only about 25% of them really comprehend its operation. That needs to change
Don’t only pay attention solely to prices; look at how people use the technology. Increased adoption will demand trust, technological improvement, and enhanced usability. For example, corporations have been testing things like smart contract insurance policies, blockchain-based tokenized real estate agreements, and web3 gaming, but they are not yet the norm.
Whether Bitcoin can consolidate its position as digital gold
Bitcoin has shown remarkable resilience in recent months. While tariff uncertainty and geopolitical tensions have shaken equity markets, the lead crypto has gained almost 70% since before the election.
Much has been written about its potential as a hedge against inflation and a store of value, but that hasn’t always been borne out by its price. For example, when U.S. inflation was high in 2021 and 2022, Bitcoin was too volatile to operate as a safe haven asset.
That’s changed this year. In part because spot Bitcoin and Ethereum ETFs have made it easier for institutions to invest. According to Bitcoin Treasuries, there’s approximately $150 billion in assets under management using spot Bitcoin ETFs at the time of writing. Increased institutional capital tends to bring more stability as well as more cash from asset managers, hedge funds, pension funds,
Seven months of good performance does not make it digital gold.
Shifting streams
The bitcoin business is growing up, but it still has a way to go—and a clear regulatory framework might help it get there. That was evidenced by the jump in prices when investors assumed this would be the week that the U.S. passed its first substantial crypto legislation.
However, it is going to take time, even with a crypto-friendly administration in power. And assuming the law passes, we still need to witness growing adoption before this can be regarded as anything close to a mainstream asset. In the meanwhile, continue to approach crypto as a risky asset and restrict your exposure accordingly.
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