Bitcoin hits all time high, XRP gets close... Right Before Crypto Week?
Everything you need to know about this record-breaking week.
By: Mr. High Score June 14, 2025
CRYPTO WEEK 2025! YOUR GUIDE TO THE BIG CRYPTO PARTY!
Crypto Week is like a big ol’ party where the U.S. House of Representatives is putting on their thinking caps to create rules for cryptocurrency—you know, those digital dollars like Bitcoin that live on the internet. From July 14–18, 2025, Congress is zooming in on crypto to decide how it should work in America. It’s a huge deal because these rules could make crypto safer, easier to use, and maybe even send prices to the moon! 🌙
Led by crypto-loving lawmakers like Rep. French Hill and Rep. Glenn “GT” Thompson, and with President Donald Trump cheering from the sidelines (he wants the U.S. to be the “crypto capital of the world”!), this week is all about making crypto less like the Wild West and more like a legit playground for everyone. Oh, and Bitcoin’s already at $119,000—yep, you read that right!
WHY SHOULD YOU CARE?
Even if you’ve never touched a Bitcoin, Crypto Week matters because:
Crypto’s everywhere: From paying for coffee to buying digital art, cryptocurrencies are popping up in real life.
It could save you headaches: Clear rules mean less confusion about taxes or scams.
Big money vibes: The crypto market’s worth over $4 trillion (that’s a 4 with 12 zeros!), and this week could make it even bigger.
America’s racing to win: Countries like Singapore and Dubai are already crypto champs. The U.S. wants to catch up!
THE MAIN EVENTS: THREE BILLS THAT WILL ROCK THE CRYPTO WORLD
Crypto Week is dropping three major bills that are like the headliners at a music festival. Here’s what they’re about, explained like you’re five:
What it does: The Digital Asset Market Clarity Act (CLARITY Act) is like a superhero sorting out a big fight between two bosses: the CFTC (think of them as the commodity cops who handle stuff like gold) and the SEC (the stock market sheriffs). It decides who’s in charge of what:
Bitcoin and Ethereum? They’re like digital gold, so the CFTC takes over.
Other tokens that act like stocks? The SEC’s got those.
Why it’s awesome: It sets rules for crypto exchanges (where you buy Bitcoin), brokers (the middlemen), and custodians (who keep your crypto safe). No more guessing games!
Fun fact: Think of it like organizing your toy box—Bitcoin goes in one pile, fancy tokens in another, so everyone knows what’s what!
Why it matters: Clear rules could make crypto safer for newbies and bring more businesses to the U.S.
What it does: The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act—love the name!) is all about stablecoins, which are cryptocurrencies that don’t bounce around like Bitcoin. They’re pegged to the U.S. dollar, so 1 stablecoin = $1. The bill says:
Companies making stablecoins must keep real dollars or super-safe stuff (like Treasury bonds) to back every coin.
They have to be honest, with regular checkups to prove they’re not fibbing.
Why it’s awesome: Stablecoins are used for online payments, trading, and even sending money to friends abroad. This bill makes sure they’re safe, so no one loses their lunch money like in the 2022 TerraUSD crash.
Fun fact: The Senate already said “yay” to this bill, so if the House agrees, it’s off to President Trump to sign it into law!
Why it matters: Safe stablecoins could make crypto as easy as Venmo, and the U.S. could become the go-to spot for stablecoin companies.
What it does: This bill says “no way” to a central bank digital currency (CBDC)—a digital dollar run by the government. Some folks, like Rep. Tom Emmer, worry it’d let the government peek into your wallet and track every coffee you buy.
Why it’s awesome: It keeps crypto’s free-spirit vibe alive, letting decentralized coins like Bitcoin rule the day.
Fun fact: It’s like telling the government, “Stay out of my piggy bank!”
Why it matters: It protects privacy but might make it harder for some people to access digital money. Not everyone agrees—a few lawmakers think a digital dollar could help people without bank accounts.
A TAX PARTY ON JULY 16!
On July 16, 2025, the House is throwing a bonus event: a crypto tax hearing! Right now, tracking your crypto taxes is like solving a Rubik’s Cube blindfolded. They’re talking about:
Making it easier to report when you sell crypto or earn rewards (like staking or mining).
Maybe even giving tax breaks to encourage more crypto fun.
Why it’s cool: Simpler taxes mean you can spend less time with spreadsheets and more time dreaming of Lambos!
THE DRAMA: WHO'S CHEERING AND WHO'S GRUMBLING?
Crypto Week’s got more drama than a reality TV show! Here’s the scoop:
The Cheerleaders:
Crypto-loving lawmakers like French Hill, Tom Emmer, and Senator Cynthia Lummis are hyped to make the U.S. a crypto paradise.
The crypto industry (think Coinbase, Kraken) is all in, spending $130 million in 2024 to back pro-crypto politicians. Big money, big dreams!
President Trump is waving the crypto flag, talking up a Bitcoin Strategic Reserve (like a national piggy bank for Bitcoin).
The Grumblers:
Rep. Maxine Waters calls it “Anti-Crypto Corruption Week,” worried that crypto cash is swaying lawmakers. She’s got a point—$130 million is a lot of cheddar!
Some Democrats say the bills need more rules to protect newbies from scams and shady projects (remember those NFT rug pulls? ).
Others think a digital dollar could help people who don’t have bank accounts, so they’re not thrilled about the Anti-CBDC Act.
WHAT'S MISSING? THE EXTRA STUFF YOU HAVE TO KNOW!
Our outline was pretty solid, but here’s some extra spice to make sure you’re in the know:
Crypto’s Global Race: Countries like the EU, Singapore, and Dubai already have crypto rules. If the U.S. doesn’t act fast, companies might pack their bags and move overseas, taking jobs and money with them.
Scams Are Real: Crypto’s awesome, but it’s also a magnet for scams (think fake giveaways on X). The CLARITY Act might not do enough to stop these, so newbies need to stay sharp!
Jobs, Jobs, Jobs: Clear rules could create thousands of jobs in blockchain and fintech. Imagine working for a crypto startup—pretty cool, right?
Crypto’s Green Problem: Mining Bitcoin uses a ton of energy, and some lawmakers might push for eco-friendly rules. Keep an eye out for green crypto talks!
X Is Buzzing: Crypto Week’s blowing up on X, with hashtags like #CryptoWeek and #Bitcoin trending. It’s where the community’s hyping (or roasting) every move.
WHAT COULD HAPPEN? THE BIG PICTURE!
If Crypto Week goes off without a hitch, here’s what’s on the horizon:
Bitcoin Boom: With Bitcoin at $119,000 and climbing, clear rules could push it to $150,000 or more, per X chatter.
Stablecoin Party: The GENIUS Act could make stablecoins the go-to for online shopping, gaming, and sending money worldwide.
No Government Snooping: The Anti-CBDC Act keeps your wallet private, but it might slow down digital money for some folks.
Crypto Goes Mainstream: Clear rules could bring in big banks, companies like Tesla, and even your local coffee shop accepting Bitcoin.
But… Drama Alert: If the bills get stuck or watered down, expect some grumpy X posts and maybe a dip in crypto prices.
HOW TO JOIN THE CRYPTO WEEK FUN!
Wanna be part of this historic week? Here’s how to dive in:
Watch the Show: Check out House Financial Services Committee streams or X for live updates. It’s like reality TV, but with lawmakers!
Follow the Buzz: Search #CryptoWeek or #CLARITYAct on X!
Learn the Basics: Curious about crypto? Start with a beginner’s guide on CoinDesk or watch a YouTube explainer. It’s easier than you think!
Stay Safe: If you’re thinking of buying crypto, use trusted platforms, and never share your wallet keys. Safety first!
CRYPTO WEEK'S YOUR TICKET TO THE FUTURE!
Crypto Week 2025 is like a superhero movie for money—full of action, drama, and big dreams. Whether you’re a total newbie or just crypto-curious, this week could make digital money safer, easier, and way more fun for everyone. From Bitcoin’s moonshot to stablecoins ruling payments, the U.S. is trying to become the coolest kid on the blockchain block. So grab some popcorn, hop on X, and let’s see if Congress can keep up with the crypto revolution!
Share this article on X with #CryptoWeek to spread the love! And if you’re new to crypto, don’t stress—just HODL onto this guide, and you’re already ahead of the game!
Disclaimer: This article is meant for general information purposes only and is not investment advice. Investment in cryptocurrency is very risky.
#WeOn