- GENIUS Act delivered to President; CLARITY Act to Senate.
- Focus on AI and cryptocurrency market growth.
- Sacks and Trump push for U.S. global crypto leadership.
David Sacks announced that Cryptocurrency Week begins July 14 in the U.S. House of Representatives, delivering the GENIUS Act to President Trump, while the CLARITY Act heads to the Senate.
These legislative efforts aim to strengthen the U.S. position in global cryptocurrency and AI markets, impacting investor confidence and policy frameworks.
U.S. Crypto Week: Legislative Focus on Global Leadership
The announcement followed a series of White House-led initiatives, including the Strategic Bitcoin Reserve. David Sacks, serving as White House Senior Advisor for AI & Crypto, has been instrumental in shaping these acts. The GENIUS Act aims to enhance technological advancement.
U.S. policy shifts include the delivery of the GENIUS Act for Presidential approval and the CLARITY Act’s Senate consideration. Immediate effects may include clarifications in cryptocurrency regulations, favoring domestic innovation and market growth.
David Sacks, White House Senior Advisor for AI & Crypto, “We have to out-innovate the competition. … Our companies, our founders, they have to be more innovative than even our counterparts. … All the talent, all the venture capital, it’s just swarming this space.”
The market response reflects both anticipation and sector optimism. President Donald J. Trump and Sacks advocate for positioning the U.S. as a leader in digital assets, emphasizing regulatory balance and investment attraction.
Cryptocurrency Price Movement Linked to U.S. Policy Shifts
Did you know? Historical policy changes in the U.S. have led to substantial cryptocurrency price movements, with past initiatives under previous administrations impacting both domestic and international trading volumes.
According to CoinMarketCap, Bitcoin (BTC) trades at $108,884.98, with a market cap of $2.16 trillion and a 24-hour volume of $48.92 billion, reflecting a 0.42% decrease over 24 hours and a 1.75% increase over the week as of July 4, 2025.
Insights from the Coincu research team indicate the potential for enhanced regulatory clarity and technological growth in the U.S. with these acts looming. The industry anticipates further data releases that may sway market sentiments.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/346752-genius-clarity-acts-house-senate/