"Crypto Week" on Capitol Hill
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 July 2025
⏱️ 8 minutes
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Summary
Bitcoin hit a record $122,000 this morning as the House of Representatives ramps up for what's being called "Crypto Week," where lawmakers will be taking up three bills that could lay the foundation for how digital assets are regulated. We'll hear more about what to expect. And later, we'll unpack market reactions to daily swings in tariff policy and learn how China's rare earth metal dominance comes at a significant environmental cost.
Transcript
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| 0:37.0 | It's Crypto Week on Capitol Hill. What exactly is that? For a marketplace, I'm Sabri Beneshore, in for David Brancaccio. Bitcoin hit a record $122,000 this morning. That's as the House of Representatives prepares for what's being called Crypto Week on Capitol Hill. They're taking up legislation that could lay the foundation for how digital assets are regulated in this country. |
| 0:59.4 | Marketplaces Senior Washington correspondent Kimberly Adams has more. |
| 1:03.1 | One bill expected to make it to the president's desk this week is the Genius Act, which has already passed in the Senate. |
| 1:09.5 | Summer Mersinger is CEO of the Blockchain Association and industry group. |
| 1:13.9 | It brings some regulatory clarity for the stablecoin issuers and offers a number of consumer |
| 1:21.2 | protections. |
| 1:22.7 | Another bill up for consideration is the Clarity Act, which would create a federal regime where we're not |
| 1:28.7 | just going to regulate these people as custodians of people's money. |
| 1:32.1 | Instead, says Peter Van Valkenberg, executive director of the nonprofit Coin Center, when it |
| 1:37.6 | comes to crypto companies, we're also going to regulate them as the retail, highly volatile |
| 1:43.4 | exchanges that they are. |
| 1:45.1 | The House will also work on legislation that would block the government from issuing a digital |
| 1:49.3 | currency. With all these bills, it's something of a moment, says Chris Brummer, a law professor |
| 1:54.8 | at Georgetown. For the first time, you're going to have some rules that are very specifically |
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