The measures are part of a push to boost and legitimize the US cryptocurrency industry by giving it a regulatory framework that’s lighter than what traditional financial assets and institutions face.

US Republicans are igniting fresh momentum in the crypto market, designating July 14-18 as ‘Crypto Week’ to evaluate three pivotal bills. House leaders, including Speaker Mike Johnson, are pushing the GENIUS Act for stablecoin regulation,

The Senate enacted a bipartisan bill last month to bolster a certain segment of the crypto ecosystem—so-called stablecoins—but the House GOP is now debating whether to go farther. It’s preparing for a full-fledged “crypto week” to make its case when House lawmakers return next Monday.

The US House GOP has designated the week of July 14 as "Crypto Week" to focus on key cryptocurrency legislation.

The Crypto Week for the discussion on the three key bills could spark the next bull run, as these would shape the future of crypto regulation.

The cryptocurrency market may be on the cusp of a major rally as US politicians prepare for the upcoming crypto week, which will be the first one of its kind. If successful, Bitcoin and other cryptocurrencies could jump as the market embraces regulatory clarity in the industry.