Cryptocurrency Market

On July 17, 2025, the U.S. House of Representatives approved the GENIUS Act, a significant step toward regulating U.S.-dollar-pegged stablecoins. Expected to be signed into law, the Act expands the CFTC's oversight of crypto markets, marking a new era in crypto regulation.

Bitcoin surged past $100,000 in 2024 thanks to the US SEC's approval of spot ETFs and optimism around crypto-friendly policies under the Trump administration. The cryptocurrency market hit a $3.5 trillion valuation, with forecasts of Bitcoin reaching $200,000 by 2025.

On March 2, 2025, former US President Donald Trump signed an order to establish a strategic cryptocurrency reserve including Bitcoin, Ethereum, Ripple, Solana, and Cardano. This move has sparked debate among tech supporters and could significantly impact the crypto market.