Bitcoin has reached a new record high, with analysts pointing out that three major laws will enhance the long-term regulatory transparency of the Industry.

Source: Securities Times, Securities Brokers China.

On the evening of July 13, $Bitcoin (BTC.CC)$ the price continued to rise, breaking through 119,000 USD, setting a new historical high. As of the time of writing, it has fallen back to 118,729.99 USD.

Overnight, driven by the rise of Bitcoin, the cryptocurrency market surged across the board.

In fact, since hitting a bottom phase in April this year, Bitcoin has continued to rise, rebounding from around 74,500 USD and continually setting new all-time highs.

As several cryptocurrency-related laws are set to enter the review stage in the U.S. Congress this week, the enthusiasm of investors in cryptocurrency is reignited.

Recently, the three major digital currency bills - the GENIUS Act, the CLARITY Act, and the Anti-Central Bank Digital Currency Surveillance National Act will simultaneously enter the deliberation stage in the U.S. House of Representatives. This legislative "combo move" marks a critical turning point for digital currency regulation in the United States.

The uniqueness of the simultaneous deliberation of the three major bills lies in their systemic nature: the GENIUS Act attempts to incorporate stablecoins into the U.S. dollar reserve system, the Anti-Central Bank Digital Currency Surveillance National Act targets privacy coins and central bank digital currencies, while the CLARITY Act focuses on the division of regulatory authority. This "trinity" legislative design not only reflects the Republican Party's determination to promote compliance in the digital currency industry but also exposes the fundamental differences in regulatory logic between the two parties. If the legislation is enacted, the U.S. will become the first country to simultaneously legislate for stablecoins, privacy coins, and regulatory frameworks, and its impact will far exceed national borders, becoming a benchmark for global digital currency regulation.

Analysis suggests that the three major bills will greatly enhance the regulatory transparency that the digital currency industry has long demanded.

The head of derivatives at the cryptocurrency exchange Bitfinex, Jagger Kuna, stated: "We expect that funds, which had previously adopted a wait-and-see approach due to regulatory uncertainty, will flow back in. Even if the final passage is obstructed, the mere participation at the legislative level sends a bullish signal."

Moreover, some analyses suggest that demand for traditional financial instruments like ETFs is reshaping the Bitcoin market landscape. Unlike in the past, which relied predominantly on retail investors, the current influx of institutional capital behind this round of increases shows structural characteristics. Data from cryptocurrency trading company GSR shows that institutional investors are continuously buying Bitcoin through various financial instruments, and this demand pattern is much more stable compared to historical speculative bids.

Currently, investors widely expect that in the second half of 2025, as more businesses incorporate Bitcoin into their financial reserves, along with the U.S. Congress getting closer to passing cryptocurrency regulatory legislation, Bitcoin is likely to continue setting new highs.

Ryan Gorman, Chief Strategic Officer of Uranium Digital, previously stated: "Washington will see 'Crypto Week,' combined with the summer market being quiet but sentiment leaning bullish, Bitcoin prices may likely surge to $0.12 million or even higher." He added: "Currently, the open interest in call options far exceeds that of put options, which usually indicates that trader sentiment is leaning optimistic, expecting the upward trend to continue."

Editor/danial