Bitcoin Rises as Congress Kicks off 'Crypto Week'
Bloomberg Technologyยท2025-07-14 18:48
Part of what's driving this big rally in crypto is obviously this momentum on Capitol Hill. Walk us through the nuts and bolts of what these bills could do for the crypto industry in a tangible way. So the Genius Act, which already passed the Senate, would effectively legalize stablecoins.These are cryptocurrencies that are backed by U.S. dollars. They're already quite popular, but their status in the U.S. was kind of in a gray area. If they're fully legalized, we might see more mainstream financial institu ...