What is the US’s Crypto Week? Why has Bitcoin hit a record high? | Crypto News
Bitcoin has scaled $120,000 for the first time, a major milestone for the world’s largest cryptocurrency in the run-up to what could be a landmark week.
Starting July 14, “Crypto Week” will see the US House of Representatives debate three industry-friendly bills that are likely to provide cryptocurrencies with the US regulatory framework that crypto insiders have long demanded.
US President Donald Trump has urged policymakers to revamp their rules, away from the plethora of lawsuits brought against crypto firms by the Securities and Exchange Commission (SEC) under former President Joe Biden (2021-2025), in favour of the industry.
Expectations of further tailwinds helped propel Bitcoin, up 29 percent so far this year, to a record…