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    Home»Bitcoin News»Bitcoin Holds Firm At $118,000 As Trump’s Crypto Report Nears Release
    Bitcoin News

    Bitcoin Holds Firm At $118,000 As Trump’s Crypto Report Nears Release

    Team_SimonCryptoBy Team_SimonCryptoJuly 30, 2025No Comments3 Mins Read
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    Bitcoin stays regular at $118,000 as markets await the Trump administration’s extremely anticipated digital property report, anticipated to be launched tomorrow. The report is the primary main crypto coverage report beneath President Trump and will mark a historic shift in US assist for Bitcoin and associated applied sciences.

    The White Home report is the results of months of labor from the President’s Working Group on Digital Belongings, led by David Sacks and Bo Hines. Crypto In America’s Eleanor Terrett, previously of Fox Enterprise, says it could embrace proposals for funding the strategic Bitcoin reserve, embrace additional data on the nationwide digital asset stockpile, regulatory readability, and nationwide safety measures to counter illicit finance and sanctions evasion.

    The President’s Working Group on Digital Belongings has accomplished the 180-day report. It will likely be launched publicly on July thirtieth.

    America is now main the way in which on digital asset coverage 🇺🇸

    — Bo Hines (@BoHines47) July 23, 2025

    Bitcoin has already climbed 26 % in 2025, pushed by rising institutional curiosity and a wave of supportive laws. One of the vital impactful developments was the signing of the GENIUS Act, which established a complete framework for regulating stablecoins. This was adopted by the Home passing the CLARITY Act and the Anti-CBDC Surveillance State Act, signaling clear resistance to authorities managed digital currencies and a shift in favor of decentralized digital property corresponding to Bitcoin.

    NEW: 🇺🇸 President Trump to signal the crypto GENIUS Act into regulation at the moment.

    America is embracing Bitcoin and crypto 🙌 pic.twitter.com/KYV8ykoySz

    — Bitcoin Journal (@BitcoinMagazine) July 18, 2025

    On the legislative entrance, the Senate Banking Committee is predicted to launch a draft of its market construction reforms this week. Moreover, the Senate Agriculture Committee is holding a vote at the moment on Brian Quintenz’s nomination to steer the CFTC, a regulator within the Bitcoin market, the CFTC might see a shift towards extra bitcoin pleasant management if Brian Quintenz’s nomination is confirmed, probably shaping future oversight in favor of digital property.

    In the meantime, institutional gamers proceed to validate Bitcoin’s position in international finance. A current report from the BlackRock Funding Institute known as 2025 a banner yr for Bitcoin, noting that the US is changing into the bitcoin and crypto capital of the world. BlackRock additionally highlighted the fast rise of stablecoins, which now have a mixed market cap of $250 billion. This development displays the mainstreaming of blockchain-based property and rising investor confidence in digital finance.

    JUST IN: $12.5 trillion BlackRock says Bitcoin is having an awesome yr because the US turns into “the crypto capital of the world.” 🇺🇸 pic.twitter.com/OBbKzb0VIm

    — Bitcoin Journal (@BitcoinMagazine) July 29, 2025

    With coverage momentum accelerating and federal consideration centered on digital property, Bitcoin’s present stability will be the starting of a a lot bigger transfer because the US positions itself on the forefront of the crypto financial system.



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