Bitcoin broke the all time high price for a second day in a row. The price of one bitcoin reached $116,842 on Coinbase.
Bitcoin was previouly moving sideways between $100,000 and $110,000 for a few months. The sudden rise in bitcoin price comes amid the House Committee On Financial Services announcing the week of July 14th as “Crypto Week”, in which The House of Representatives looks forward to considering the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act as part of Congress’ efforts to make America the crypto capital of the world.
“We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘Crypto Week’ in the House. After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors, provides rules for the issuance and operation of dollar-backed payment stablecoins, and permanently blocks the creation of a Central Bank Digital Currency (CBDC) to safeguard Americans’ financial privacy,” said Chairman French Hill (AR-02). “I thank my colleagues in Congress and the Trump Administration for their partnership and leadership and stand ready to work alongside the Senate as they work to advance standalone market structure legislation by the end of September.”