After the passage of key bills related to virtual assets, such as the 'Genius Act', in the United States, major cryptocurrencies are experiencing a widespread uptrend. The price of Bitcoin has slightly decreased compared to the previous day and is stabilizing.
According to global virtual asset market tracking site CoinMarketCap on the 21st, as of 8:09 a.m., the price of Bitcoin had fallen by 0.3% to $117,487. Ethereum, ranked second by market capitalization, is trading at $3,744, up 2.59% from the previous day, while XRP (Ripple), ranked third, is trading at $3.44, up 0.82%. During the same period, Solana recorded a price increase of 1.96% to $180. Industry sources report that Bitcoin's price has slightly decreased due to selling demand after breaking the $120,000 mark for the first time last week.
This rise is interpreted as a result of the U.S. Congress establishing a regulatory framework related to virtual currencies. In particular, the 'Genius Act' has completed the review process in both the House and the Senate and has been finalized with President Donald Trump's signature. The law has been recognized for clarifying the legal definition of stablecoins, issuance procedures, and disclosure standards, thereby laying a foundation for institutional utilization.
Along with this, the 'Clarity Act', which specifies regulations for digital assets as a whole, and the 'CBDC Surveillance National Prevention Act', which prohibits the issuance of Central Bank digital currencies (CBDC) by the Federal Reserve, are currently in the process of being reviewed by the Senate after passing the House. Additionally, President Trump is preparing to sign an executive order that allows the $9 trillion U.S. retirement pension market to invest in virtual assets and others.