The crypto market is closing in on a $4T market cap evaluation, following the sustained surge experienced by multiple crypto coins, with Bitcoin, Ether, and XRP leading the pack.
But what’s driving the crypto bull?
The House of Representatives just passed Trump’s GENIUS Act, which sets the legal framework that the crypto industry has asked for over the past several years.
Chairman Tim Scott immediately applauded the result, calling the decision ‘critical to delivering on President Trump’s agenda to cement the United States as the crypto capital of the world.’
He also described the GENIUS Act as critical to the US’s national security, stating that:
The GENIUS Act brings digital assets and payment stablecoins out of the regulatory gray area and into an anti-money laundering compliance regime. It imposes important requirements on stablecoin issuers that strengthen national security and improve the Treasury Department’s ability to monitor the sector.
Passing this bill will make it harder for bad guys, whether foreign or domestic, to use stablecoins to fund illicit activity.
The Anti-CBDC Surveillance State Act is the last of the three seeing the light of approval, after a tight 219-210 vote decision.
The Anti-CBDC Act prevents the Federal Reserve from issuing any central bank digital currency (CBDC), which Congressman Tom Emmer applauds, saying:
Unlike decentralized digital assets, a CBDC […] is government-controlled programmable money that, if designed without the privacy protections of cash, could give the federal government the ability to surveil and restrict Americans’ transactions and monitor every aspect of our daily lives.
The Anti-CBDC Surveillance State Act, prevents future administrations from weaponizing this technology against the American people, while ensuring that any development of digital money reflects our American values of privacy, individual sovereignty, and free market competitiveness.
These recent developments could push the crypto market into a sustained bullish state and we’re already seeing the signs.
Bitcoin is close behind with 1.28% and trading at over $119K right now, seemingly preparing for another bull run.
If that happens, projects like Bitcoin Hyper will get a lot of attention.
To that end, the project relies on the Canonical Bridge and the Solana Virtual Machine (SVM) to boost the network’s performance and lower transaction fees.
The Canonical Bridge unlocks seamless token minting on Hyper’s Layer 2, allowing assets to flow back to the Bitcoin network, solving congestion issues during peak traffic with style and efficiency.
Powered by the SVM protocol, Hyper delivers lightning-fast execution for smart contracts and DeFi apps, bringing Solana-like performance directly to Bitcoin.
Together, these innovations aim to supercharge Bitcoin’s capabilities, without compromising its unmatched security or brand trust.
The presale is already catching fire, raising over $3.3 million since May. With tokens priced at just $0.0123 and staking rewards hitting a jaw-dropping 269%, momentum is building fast.
We’re witnessing an avalanche of pro-crypto policies, fueling the current crypto rally and creating the perfect environment for a sustained bull run.
Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely.
