Donald Trump’s full-throated endorsement of the GENIUS Act is sending shockwaves through the crypto industry—just as Congress enters its much-hyped “Crypto Week.”
The president’s influence has reenergized GOP support for a new generation of blockchain legislation aimed at defining stablecoins, limiting government-backed digital currencies, and removing regulatory ambiguity for crypto tokens.
As markets digest the momentum, Bitcoin has surged to nearly $120K and is now eyeing the $150K level if these bills become law.
Trump Drives Crypto Surge with GENIUS Act Endorsement
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) passed the Senate 68–30 on June 17, 2025. It requires stablecoin issuers to hold full reserves in cash or Treasury securities and submit monthly audits. Now, the House has designated July 14–18 as “Crypto Week” to evaluate the GENIUS Act alongside two other major bills:
- Digital Asset Market CLARITY Act – formally classifies crypto tokens as securities or commodities, reducing confusion and legal risk.
- Anti-CBDC Surveillance State Act – bans the U.S. government from launching a central bank digital currency (CBDC), citing privacy concerns.
These bills collectively aim to establish a comprehensive legal framework for the U.S. crypto economy.
Trump Reverses GOP Resistance
After hardline Republicans initially blocked the GENIUS Act’s floor advancement on July 15, Trump took to Truth Social with a message that electrified markets: “Digital Assets are the FUTURE… ALL REPUBLICANS SHOULD VOTE YES!” By the next morning, 11 of the 12 holdouts had flipped. Speaker Mike Johnson reintroduced the bill, setting up a crucial vote before the week concludes.
Trump’s hands-on influence demonstrates just how central crypto has become to his 2025 policy agenda—and to Republican campaign finance strategy.
Crypto Markets React Immediately
Investors welcomed the new regulatory clarity and Trump’s intervention. Bitcoin (BTC) soared past $123,000 earlier this week before cooling slightly to ~$119,000 today. Ethereum (ETH) jumped 7% to ~$3,290. Altcoins and stablecoin-adjacent equities also rallied:
- Circle (CRCL) surged 14%
- Coinbase (COIN) rose 3%
- Crypto mining and blockchain infrastructure stocks followed with 5–10% gains
Spot Bitcoin ETFs saw over $2.7 billion in net inflows this week alone, reflecting a surge in institutional confidence tied directly to the new legislation.
Why It Matters
These bills—particularly GENIUS and CLARITY—address several long-standing hurdles:
- Regulatory clarity encourages safe innovation and long-term investments.
- Reserve requirements for stablecoins boost confidence in digital dollar substitutes.
- Exclusion of a Federal Reserve CBDC aligns with pro-privacy, anti-surveillance values favored by many in the crypto community.
For the first time, the U.S. appears close to implementing a regulatory foundation that welcomes crypto rather than stifling it.
Can Bitcoin Really Hit $150K?
With the GENIUS Act likely to pass and two more bills gaining bipartisan traction, crypto bulls are now projecting that Bitcoin could rise to $150,000 in the second half of 2025. Several factors make this scenario plausible:
- Defined legal status for digital assets removes compliance uncertainty
- Stablecoin regulation funnels billions into safe reserves like U.S. Treasuries, indirectly tightening monetary conditions
- Renewed institutional entry through ETFs and custodial products fuels additional demand
- Political support from Trump ensures ongoing momentum and campaign-driven attention
Market Snapshot
| Asset | Current Price | Weekly Gain |
|---|---|---|
| Bitcoin (BTC) | ~$119,000 | +10% |
| Ethereum (ETH) | ~$3,290 | +7% |
What to Watch Next
The House will vote on all three bills by the end of Crypto Week. If passed, they’ll head to Trump’s desk for signature—an outcome that now seems inevitable. Once signed into law, the crypto market will enter uncharted territory: a regulatory environment built for adoption, not resistance.
Investors, regulators, and innovators alike will be watching the next 72 hours with historic interest. Bitcoin’s path to $150K may not be guaranteed, but it’s never looked more possible.
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