By <\/em>Stephen McBride<\/em><\/a>, Chief Analyst at RiskHedge<\/em><\/p>\n Bitcoin (BTC)<\/strong><\/a> is hitting all-time highs of $123,000.<\/p>\n And although not enough people are talking about it, the US House of Representatives has dubbed this week \u201cCrypto\u00a0Week.\u201d<\/p>\n That\u2019s because, starting today, the US government is FINALLY making a concerted regulatory push to \u201cmake America the crypto capital of the world\u201d (their\u00a0words).<\/strong><\/p>\n I have been investing in crypto personally for over five years due to its disruptive and innovative properties. I have been recommending small, innovative cryptos to RiskHedge subscribers in my Venture<\/em><\/a> <\/em>advisory for 3.5 years, since launching it in October\u00a02021.<\/p>\n My subscribers have made very good money in that time, beating the S&P 500, the Nasdaq, and\u00a0bitcoin.<\/p>\n But there was always a dark cloud hovering over\u00a0us.<\/p>\n Every promising crypto came with the same caveat. I found myself saying over and over again, \u201cI think this crypto can rise 1,000% in value, but we need major regulatory change first.\u201d My subscribers are probably sick of how often I talked about regulation\u200a\u2014\u200abecause it was THE THING holding crypto\u00a0back.<\/p>\n Now, the US House wants to push through three major crypto bills that have been stuck in limbo for years. This is the most serious, coordinated crypto policy push ever, by a long\u00a0shot.<\/strong><\/p>\n The dam is about to break. Let\u2019s walk through what\u2019s happening, which of these bills is most important, and how to position your money to\u00a0profit.<\/strong><\/p>\n This bill gives the US its first real stablecoin framework.<\/p>\n RiskHedge Venture<\/em> members know stablecoins\u200a\u2014\u200adigital dollars living on the blockchain\u200a\u2014\u200aare crypto\u2019s killer use\u00a0case<\/a>.<\/p>\n They\u2019re the only way to send $10,000 to a friend halfway around the world in seconds, from your phone, for less than a\u00a0penny.<\/p>\n Today, more than $250 billion in stablecoins circulate globally. Stablecoin volumes just surpassed Visa (V) and Mastercard (MA) transactions!<\/p>\n But in the US, they operate in a legal gray zone. There\u2019s no single law defining what stablecoins are, how they should be regulated, or who\u2019s in charge of overseeing them. Are they money? Securities? Bank products? No one really\u00a0knows.<\/p>\n This ambiguity has kept Wall Street on the sidelines.<\/p>\n The GENIUS Act changes\u00a0that.<\/p>\n It requires stablecoins to be fully backed by cash or short-term US Treasuries. It mandates audits. It puts issuers under clear federal and state supervision.<\/p>\n In short, it makes stablecoins safe, credible, and, crucially, legal in the eyes of Washington.<\/p>\n This bill is the least important of the three. But it alone could unlock the next wave of growth for crypto. It will finally allow banks, payment networks, and institutional players to adopt crypto at\u00a0scale.<\/p>\n That\u2019s why everyone from fintech giant Stripe to JPMorgan Chase & Co. (JPM) and Visa are launching stablecoins. GENIUS gives them permission to go\u00a0big.<\/p>\n Governments want to use blockchain tech to replace physical cash with digital cash, aka central bank digital currencies (CBDCs).<\/p>\n \u201cStephen, isn\u2019t money already digital? My savings are just numbers on a computer screen. I pay for most things without touching notes and\u00a0coins.\u201d<\/em><\/p>\n Yes. But companies are providing those services for you. You bank with JPMorgan. You have a Visa credit card. And you use PayPal Holdings (PYPL) to send money overseas.<\/p>\n A CBDC means the government is your bank\u2026 and your credit card provider\u2026 and your only way to send and receive\u00a0money.<\/p>\n I don\u2019t need to explain why that could be very, very\u00a0bad.<\/p>\n Politicians say CBDCs will lead to cheaper and faster payments. That they\u2019ll stamp out crime and\u00a0fraud.<\/p>\n Don\u2019t be fooled by this propaganda. CBDCs are about control, not convenience.<\/p>\n The Anti-CBDC Surveillance State Act would ban the US government from ever creating a CBDC. I hope it\u00a0passes.<\/p>\n It addresses the single most painful regulatory issue in crypto: how tokens are classified.<\/p>\n Right now, the SEC says almost all tokens are securities. On the other hand, the CFTC says some are commodities. So the SEC and CFTC have taken contradictory regulatory approaches, and as a result, no one knows what\u2019s legal or\u00a0not.<\/p>\n This has kept Wall Street at bay, and a lid on crypto\u00a0prices.<\/p>\n This bill fixes\u00a0that.<\/p>\n CLARITY draws a line. If a token is decentralized\u200a\u2014\u200alike Ethereum (ETH)<\/strong><\/a>, for example\u200a\u2014\u200ait\u2019s a commodity. If not, it\u2019s a security. It also gives early-stage token projects three years to decentralize before getting swept into SEC enforcement.<\/p>\n I can\u2019t overstate how important CLARITY is for crypto. It provides something this industry has never had: regulatory certainty.<\/p>\n With CLARITY, developers would finally have a clear path to launch compliant tokens in the\u00a0US.<\/p>\n More important, it would bring in Wall Street. CLARITY gives the big financial institutions the green light to rush into\u00a0crypto.<\/strong><\/p>\n As I mentioned, bitcoin is now $118,000.<\/p>\n I now believe it will eventually surpass $1,000,000.<\/p>\n I meet a lot of people who think they\u2019ve missed the boat on crypto. They have\u00a0not.<\/p>\n Crypto is still a tiny market. Think about this: Microsoft (MSFT), one company, is worth more than all crypto assets combined!<\/p>\n What a difference a year makes. A year ago, Washington was trying to sue crypto projects into oblivion. Now we\u2019re on the cusp of getting clear rules.\u00a0Finally.<\/p>\n Own some bitcoin,\u00a0sure.<\/p>\n But I am working with my team to write a special briefing about five altcoins that will see the most immediate benefit as Wall Street marches into\u00a0crypto.<\/p>\n We will complete it this\u00a0week.<\/p>\n Subscribe to my investing letter The Jolt\u26a1<\/em><\/a> and be the first to hear about\u00a0it.<\/p>\n P.S: Here are three small coins I recommended in the\u00a0past<\/a>.<\/p>\n \u2014 <\/em>Stephen McBride<\/em><\/a>, Chief Analyst at <\/em>RiskHedge<\/em><\/a><\/p>\n Crypto Week will start a multi-year \u201calt season\u201d<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" The crypto dam is about to\u00a0break By Stephen McBride, Chief Analyst at RiskHedge Bitcoin (BTC) is hitting all-time highs of $123,000. And although not enough people are talking about it, the US House of Representatives has dubbed this week \u201cCrypto\u00a0Week.\u201d That\u2019s because, starting today, the US government is FINALLY making a concerted regulatory push to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-80862","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80862"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80862"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80862\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}If you\u2019ve been reading me for any length of time, you know how monumental the Crypto Week\u00a0is.<\/strong><\/h3>\n
First up is the GENIUS\u00a0Act.<\/strong><\/h3>\n
Next up is the Anti-CBDC Surveillance State\u00a0Act.<\/strong><\/h3>\n
The most important bill is the CLARITY\u00a0Act.<\/strong><\/h3>\n
In August 2023, when bitcoin was trading for $27,000, I said it was headed to $150,000.<\/strong><\/h3>\n
So how do you play the Crypto\u00a0Week?<\/h4>\n