Deutsch
US politics is successfully paving the way for the crypto laws of Crypto Week, triggering a turnaround in the crypto market. Within a few days, the Bitcoin season is turning into a neutral phase that is increasingly approaching an altcoin season. Many altcoins are already experiencing price explosions. CoinPro reveals why this is the case.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
US Politics Successfully Paves the Way for Crypto Laws
Is an altcoin season on the horizon? Some altcoins are currently experiencing explosive price movements. This is likely due to a push by US politics. On Wednesday, the US House of Representatives confirmed a legislative package known as Crypto Week.
“The House just passed my bill”, Bill Hagerty happily announced yesterday after the vote on the GENIUS Act.
You are currently seeing a placeholder content of X. To access the actual content, click on the button below. Please note that data will be passed on to third-party providers.
Yesterday, Thursday, the vote on all three laws that make up the package was successful – the GENIUS Act, the CLARITY Act and the Anti-CBDC Surveillance State Act. The GENIUS Act is the only one of the three laws that will be presented to US President Donald Trump today, as it has already been confirmed by the Senate.
The GENIUS Act is a law to regulate stablecoins. President Trump sees the regulation as an important part of his crypto-friendly policy, with which he wants to make the USA the world’s crypto center. He wants to sign the draft today at a festive ceremony around 8.30 p.m., which will be attended by a number of well-known politicians and representatives of the crypto industry.
The GENIUS Act passed the House of Representatives most clearly yesterday with 308 votes in favor versus 122 no votes. The ratio was less clear with the CLARITY Act at 294 to 134 votes. The vote on the Anti-CBDC Surveillance State Act was close.
Only 219 members of parliament voted for the law, which intends to ban a digital central bank currency. The Democratic Party resisted the draft. 210 votes against were achieved.
GENIUS and CLARITY are considered beneficial for the US crypto industry. They should boost crypto business in the country. If Trump signs the GENIUS Act today, the law is expected to come into force in November 2026. The main beneficiaries of this development are stablecoins and altcoins, whose legal status has so far been unclear.
By creating regulatory clarity, altcoins could become more widespread in the future, reach new target groups and thus collect additional investments. Bitcoin and Ethereum are the only coins that are already considered goods in the USA.
Altcoin Season on the Horizon? These Coins are Exploding Right Now
With the adoption of the three crypto laws, an altcoin season is increasingly approaching, as records from CoinMarketCap show. Just last Tuesday, CMC gave the market situation 22 out of 100 points – it was a Bitcoin season.
Within a few days, altcoins shot up considerably. The total value of all altcoins has risen from 1.19 trillion to today’s 1.53 trillion US dollars since July 8. At the same time, CoinMarketCap’s Altcoin Season Index rose from 22 points to 49 points.
CMC classifies the range between 25 and 75 points as neutral. In this field, Bitcoin and the altcoins are fighting for supremacy in the crypto market. Currently, however, there is a clear trend in favor of the altcoins. The index has risen by eleven points since yesterday alone – a huge advantage for the altcoins.
Looking at the current price developments, some altcoins can be identified whose prices are skyrocketing. In the weekly trend, the Curve DAO Token (CRV) leads the top 100. It has already recorded a profit of 55.20 percent within seven days and is now trading at $1.00.
The development of Stellar (XLM) is similarly bullish with a 46 percent price gain in the weekly trend. Stellar’s market value is $0.4819. Bonk (BONK) follows in third place with a 45 percent price increase and a value of $0.00003504 per token.
- Stellar
(XLM) - Price $0.424
- Market Cap
$13.28 B
Remarkable gains can also be seen in the daily trend. Here, Ethereum Classic (ETC) leads the list with +20 percent and a market value of $23.97. Uniswap (UNI) is trading at $10.70 after a 19.60 percent gain and Lido DAO (LDO) is at $1.09 after a 15.45 percent price gain.
- Ethereum Classic
(ETC) - Price $22.52
- Market Cap
$3.45 B
