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        Customs & Trade

        Bitcoin tops USD118,000 for the first time, as the cryptocurrency continues to climb to new heights

        July 11, 2025

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        Stablecoin regulation advances as spot bitcoin ETFs and pro crypto policy drive renewed investor inflows and price gains. Strong inflows into spot bitcoin ETFs, a softer US dollar and pro crypto policy signals have supported bitcoin's record price gains, while tariff announcements and broader macro events have intermittently driven sharp sell offs. Concurrently, federal legislation moving through Congress-the GENIUS Act-seeks to set guardrails and consumer protections for dollar pegged stablecoins, a development that market participants view as bolstering the crypto sector's regulatory legitimacy.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Stablecoin regulation advances as spot bitcoin ETFs and pro crypto policy drive renewed investor inflows and price gains.</h1> Strong inflows into spot bitcoin ETFs, a softer US dollar and pro crypto policy signals have supported bitcoin's record price gains, while tariff announcements and broader macro events have intermittently driven sharp sell offs. Concurrently, federal legislation moving through Congress-the GENIUS Act-seeks to set guardrails and consumer protections for dollar pegged stablecoins, a development that market participants view as bolstering the crypto sector's regulatory legitimacy.

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