News Digest: Crypto on a roll in the hill – Legislative wins in the offing
July 13, 2025
Crypto investors are optimistic about upcoming policy wins in the U.S. Congress, which are expected to usher in new investments and have already propelled Bitcoin to a record high. The House of Representatives is set to debate several crypto bills next week, aiming to establish a much-desired regulatory framework for the digital asset industry. President Donald Trump, who identifies as the “crypto president,” supports these efforts, even being involved in various crypto ventures himself.
Key legislation, including the Genius Act (focused on stablecoin rules), the Clarity Act, and the Anti-CBDC Surveillance State Act, will be voted on during “crypto week.” Experts believe that even if the final passage is delayed, the mere engagement by lawmakers is a bullish signal. This optimism has boosted the total crypto market value to approximately $ 3.67 billion and triggered a broader crypto market rally, with strong inflows into spot exchange-traded funds. Bitcoin recently surged 3.3% to $117,333.32, marking a 26% gain year-to-date and nearly 41% in the last three months.
However, across the pond, Europe’s securities regulator, ESMA, has warned crypto companies against misleading customers about the regulatory status of their products. This comes as the EU’s MiCA crypto regulation aims to protect investors.
ESMA highlighted concerns that Crypto Asset Service Providers (CASPs) offering both regulated and unregulated products on the same platform could confuse customers about which products are covered by MiCA’s protections. They specifically cautioned against using MiCA regulatory status as a marketing tool to imply broader regulation than exists, noting that direct commodity investments and crypto lending are not covered.
This warning underscores European authorities’ ongoing efforts to mitigate crypto-related risks, especially after past platform collapses. Under MiCA, CASPs need a national license to operate across the EU. ESMA also issued guidelines on staff competence for assessing crypto firms, following a review that found Malta’s licensing process partially met expectations.
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