Crypto regulation continues to move forward in the United States, and ETH steps into the spotlight.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

A new chapter for crypto is here as the industry kicks off its first full week with a major legislation signed

into law. After a chaotic week in Washington, D.C., President Donald Trump signed the Stablecoin

bill on Friday afternoon. The Genius Act will now be forwarded to the federal financial

and banking agencies to implement its various provisions. That will include formalizing the

definition of what kind of firms make acceptable issuers of stable coins,

which is a field currently dominated by Tether's USDT and Circles, USC.

The House has also passed the Crypto Market Structure Bill in a 294 to 134 vote,

securing a strong bipartisan majority as the Clarity Act heads towards the Senate.

The landmark legislative achievement for crypto markets is a sharp turnaround from recent years

in which the sector languished under resistant U.S. regulators and lagging Congress.

Excitement from the regulatory front rippled across the crypto markets with ether and other

layer one coins being standout

performers. ETH rose nearly 27% during the past seven days, shooting above the $3,800 level.

The move comes as major financial institutions and treasury companies have started pouring capital

into ether, as well as the growing appetite for the asset on Wall Street.

US listed spot ether

ETF saw record infows of $2.18 billion over the past week. Veteran trader Tom Lee told

Coin desk in a recent interview that ether could be worth up to $15,000 if FundStrat's

calculation using epita-based multiples turns out to be correct. We also cited technical

analysis from Mark

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