Florida lawmakers helped by the cryptocurrency industry are joining a House majority backing the first crypto regulatory bill adopted by Congress.

What Happened: Taking to social media platform Truth Social, Trump said, “Happy Crypto Week! The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!"

As the Crypto Week gets underway, Donald Trump is urging all Republicans in the House to vote in favor of the GENIUS Act.

The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.

At the start of the House's "Crypto Week," Bitcoin's price reached a record high. What to know about the GENIUS Act and other cryptocurrency bills.

Lawmakers in the US House will hold votes on three key digital-asset measures during “Crypto Week,” set for July 14–18.Ask ChatGPT

Bitcoin reached all-time high above $123,000 as lawmakers prepare crypto regulatory bills during "Crypto Week," following Trump's pledge to make the U.S. a "bitcoin superpower."

Both the Clarity Act and the GENIUS Act are expected to be up for a floor vote, after which the legislation will move to the President's desk to be signed

The GENIUS Act aims to regulate stablecoins, yet it raises concerns about economic risks. Big companies such as Amazon may issue stablecoins for their customers, but the potential for a financial crisis looms if these coins fail.