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Breaking news: Three cryptocurrency bills have been passed in the House of Representatives —
The Clear Act (294-134)
The Genius Act (308-122)
The Anti-CBDC Act (219-210).
Among them, the "Genius Act" has now been submitted to President Trump and will be signed at the White House tomorrow afternoon.
ETH is increasingly seen as a reserve asset in the digital dollar economy, with over 54% of stablecoins issued on Ethereum. Fidelity considers Ethereum a sovereign digital economy, with ETH serving both as a store of value and a medium of exchange. The latest report suggests that the decrease in ETH fees is a strategic initiative through L2 scaling, laying the groundwork for mass adoption and future value accumulation.
Ethereum has risen by 23% in the past week, surpassing Bitcoin's 13% increase and the broader cryptocurrency market's 10%. However, at a price of $3,400, ETH is still well below its all-time high of $4,855 set in November 2021. While Bitcoin has entered a price discovery phase, Ethereum appears to have even more room for growth if the right narrative gains acceptance.
Each major bull market requires a resonant story. In 2021, Ethereum surged driven by NFTs and decentralized finance. But today, Ethereum's appeal lies in its increasing alignment with traditional finance, primarily through its role in stablecoins and RWA.
These evolving use cases redefine ETH, which is not just a utility token; it is increasingly seen as a reserve asset, a store of value, and even digital oil.
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