Bitcoin Surpasses $120,000 Amid Expectations for Three Major Legislative Bills
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- 2025-07-14 13:46:59
- Updated
- 2025-07-14 13:46:59
Expectations for Legislation Including Related Regulatory Laws Lead to $200,000 Forecast
[Financial News] The leading cryptocurrency Bitcoin surpassed the $120,000 mark for the first time ever on the 14th (local time).
According to CNBC and others, Bitcoin recorded $120,207.55 per coin during the Asian session on this day. This is the first time Bitcoin has surpassed the $120,000 mark.
Bitcoin exceeded the $118,000 mark on the 11th and surpassed the $119,000 mark at 11:22 AM (Eastern Time) on the 13th, setting new record highs daily.
This upward trend reflects expectations for the 'Crypto Week' conducted by the U.S. House of Representatives for three days until the 18th. Crypto Week is a legislative focus period led by the House Financial Services Committee, where three key bills aimed at institutionalizing the virtual asset market are set to be voted on.
The first is the Stablecoin Regulation Act (GENIUS Act), which includes the introduction of a 1:1 physical collateral obligation and monthly audit regulations for dollar-linked stablecoins. If passed, this bill, which has passed the Senate, will grant legal status to digital payment instruments issued by private companies.
The second, the Digital Asset Regulation Clarity Act (CLARITY Act), aims to classify cryptocurrencies as securities or commodities and clearly divide the jurisdiction of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It is expected to resolve the regulatory uncertainty that has been repeated in the issuance and listing process of virtual assets.
Lastly, the CBDC Restriction Act (Anti‑CBDC Surveillance State Act) prohibits the Federal Reserve from directly issuing digital currency (CBDC) to the general public or opening accounts.
The U.S. virtual asset industry sees the formalization of the digital asset industry as all three bills are passed. It also lays the foundation for the U.S. to lead global regulatory standards.
Global investment bank Standard Chartered has released a report suggesting that Bitcoin prices could reach $200,000 by the end of the year.
june@fnnews.com Lee Seok-woo Reporter