Mon Jul 14 14:04:55 UTC 2025: **Here’s a summarized version of the text, followed by a rewritten news article:**
**Summary:**
The US House of Representatives is set to vote on three industry-friendly crypto bills this week, potentially providing a US regulatory framework that crypto advocates have long sought. This “Crypto Week” comes as Bitcoin has surged to a record high of over $122,000, fueled by anticipation of these regulatory changes and broader market enthusiasm. President Trump has been a strong advocate for the industry, urging policymakers to ease regulations previously enforced by the SEC under the Biden administration.
Despite the excitement, concerns remain. Democrats, led by Senator Elizabeth Warren, fear the bills concede too much to the crypto industry, potentially undermining securities laws and enabling illicit activities. They are pushing for amendments to ensure anti-money laundering regulations apply and that public officials cannot profit from crypto tokens.
Trump’s administration has close ties to the crypto industry. Trump’s family business has launched meme coins, and groups backed by Trump and his sons have generated significant income for the former president. Despite concerns of conflicts of interest, Trump’s support has boosted Bitcoin.
Bitcoin’s surge is also linked to wider economic uncertainties, including Trump’s tariffs and geopolitical conflicts. It has become a significant global asset, rivaling the GDP of some major nations. Since Trump’s re-election in November 2024, Bitcoin has surged by 75 percent, reflecting the market’s reaction to his pro-crypto stance.
**News Article:**
**”Crypto Week” Arrives as Bitcoin Shatters Records Amid Regulatory Overhaul**
**Washington, D.C.** – A landmark week for the cryptocurrency industry is underway in the United States as the House of Representatives prepares to vote on three key pieces of legislation aimed at establishing a comprehensive regulatory framework for digital assets. The move comes as Bitcoin, the world’s largest cryptocurrency, has surged to an all-time high of $122,055, driven by investor optimism surrounding the potential regulatory changes.
Dubbed “Crypto Week”, starting July 14, the US House of Representatives will debate three industry-friendly bills that are likely to provide cryptocurrencies with the US regulatory framework that crypto insiders have long demanded.
The regulatory overhaul is championed by President Donald Trump, who has called for a shift away from the Securities and Exchange Commission’s (SEC) stringent enforcement approach under former President Joe Biden. He has also embraced crypto as campaign donations. He advocates for policies that would foster a more supportive environment for the industry.
The prospect of clearer regulations has fueled a surge in the crypto market. Bitcoin’s rally has had a ripple effect, with other cryptocurrencies, like Ether, experiencing significant gains. The total market capitalization of the cryptocurrency sector now stands at approximately $3.8 trillion, according to CoinMarketCap.
However, the proposed legislation faces strong opposition. Democratic Senator Elizabeth Warren and others are raising concerns that the bills could weaken existing securities laws, create loopholes for money laundering, and allow public officials to profit from the industry. Warren has called for amendments to strengthen anti-money laundering provisions and prevent conflicts of interest.
“I’m concerned that what my Republican colleagues are aiming for is another industry handout,” said Warren.
Critics also point to Trump’s close ties to the crypto industry, including his family’s involvement in cryptocurrency ventures, raising concerns about potential conflicts of interest. World Liberty Financial – a crypto group backed by Trump and his sons in 2024 – has earned the president $57m.
Despite the controversy, Bitcoin’s recent performance highlights its growing significance as a global asset. It’s market capitalization ranks it among the top 10 economies worldwide. Since Trump’s re-election, Bitcoin has increased by 75 percent.
However, the crypto market remains sensitive to broader economic conditions, and some analysts note that Bitcoin’s resilience has been tested by recent tariff announcements and geopolitical instability. Citibank analysts wrote that “Bitcoin has shown resilience this year, rebounding in line with its macro exposures following tariff announcements.”
The outcome of “Crypto Week” in Congress will have a profound impact on the future of the cryptocurrency industry in the United States, shaping its regulatory landscape and influencing its integration into the broader financial system.
First Piper 