In a historic move following a dramatic 10-hour standoff, the U.S. House of Representatives has officially passed all three major crypto bills, marking a defining moment in what’s now being called “Crypto Week” on Capitol Hill. The GENIUS Act (focused on stablecoin oversight), the CLARITY Act (addressing crypto market structure), and legislation preventing the Federal Reserve from launching a U.S. central bank digital currency (CBDC) all advanced after late-night negotiations — including a key reversal from previous Republican holdouts.
Meanwhile, the crypto market continued its meteoric rise. Bitcoin shattered records, surging past $122K, while Ethereum pushed above $3,600 and XRP reached a new all-time high over $3.50. Stellar followed suit, climbing nearly 80% as retail momentum returned in force.
Despite geopolitical headwinds — including newly confirmed tariffs from President Trump set to begin August 1 — crypto bulls remained firmly in control.
Wall Street responded swiftly. U.S.-listed spot Bitcoin ETFs pulled in $2.7 billion in inflows last week alone, with Ethereum ETFs attracting another $908 million. July 10 marked the second-highest single-day inflows on record, with total digital asset product inflows reaching an eye-popping $3.7 billion — a clear signal that institutional demand for crypto as both a hedge and high-beta asset is accelerating.
As regulation and market structure evolve, BDIC continues to monitor and contribute to the shaping of a more secure, transparent, and insured digital asset ecosystem.
What This Means for the Future
As U.S. lawmakers begin to provide regulatory clarity, the path is opening for broader institutional adoption and more resilient market infrastructure. With capital flowing into digital asset products at near-record levels, investor confidence in crypto as a legitimate asset class is clearly on the rise.
At BDIC, we believe this is just the beginning. As the market matures, the need for trust, transparency, and security becomes more critical than ever. Our mission is to build the infrastructure that protects both investors and innovators — because the future of finance deserves insurance-grade security.
→ Stay ahead. Stay protected. Stay insured.
Follow us for weekly insights and updates shaping the future of Web3.
