On July 18, the U.S. House of Representatives officially passed three important crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. This marks a significant advancement in U.S. crypto regulation, especially as the GENIUS Act is expected to be signed into effect by former President Trump this week, further solidifying the U.S. policy stance in the digital asset domain. The CLARITY and Anti-CBDC bills will be sent to the Senate for review.
Bitunix analyst suggests:
The passage of the bills injects policy confidence into the overall market, and the crypto market is expected to gain further mainstream support, which will help maintain the bullish momentum. Bitcoin rose after the news was released, currently priced at 120,326 USDT, breaking through the previous range high point. Data shows a dense short liquidation zone above 121,800 USDT, which could be a potential short-term target area. The support below is concentrated at 116,300 USDT, and if it does not break on pullback, it can be seen as a bullish defense line.
