Bitcoin’s Meteoric Rise Amid Washington’s Crypto Push Demands Vigilance
Bitcoin has soared past $123,000 amid aggressive pro-crypto legislation in Congress—a movement driven by political influence and corporate lobbying that raises questions about national economic security and regulatory oversight.
Bitcoin’s recent surge to an all-time high above $123,000 is more than just a market phenomenon; it reflects a calculated pivot by Washington toward embracing cryptocurrency under the banner of innovation. Yet beneath this headline-grabbing rally lies a deeper story — one of heavy-handed lobbying, rushed legislation, and the potential erosion of America’s financial safeguards. Is Congress Racing Ahead Without Guardrails? Last week’s climb from approximately $108,000 to more than $123,000 coincides with what insiders call "crypto week" on Capitol Hill. Multiple bills aimed at regulating cryptocurrencies are moving swiftly through both chambers—most prominently the Senate-approved stablecoin regulation and sweeping...
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