Orange coin isn’t usually the waiting type — crypto markets’ patience runs the risk of wearing out unless Trump and his crypto group do something about the industry. Could that be… friendly regulation, finally?

💸 Bitcoin Rockets Higher, Falls Short

• Bitcoin prices BTCUSD posted a surprise (and quick) surge very early on Monday before most traders had a chance to enjoy their morning cup of coffee. And in its usual style, the OG coin seesawed only to wipe out all that gain and drop back under the flatline.
• The orange token shot up by 4% to tag $107,000 — the closest we’ve seen it get to its record of $109,000 — and then cooled off, slipping back under $103,000 a piece. Short-term buzz followed by traders asking: what just happened?

🙏 Broader Clarity = Crypto Clarity?

• The move was arguably largely based on hopium — the sense that something good should happen now that the tariff war between China and the US is in a 90-day truce. Stock markets are feeling the good vibes already, so why should crypto fall behind?
• But, and perhaps more importantly, crypto traders are on the lookout for some good news on the regulatory front. Clarity around the crypto industry’s regulatory guardrails is what has been quietly supporting the prices while Donald Trump’s crypto working group has been working in stealth mode.

🔥 Stablecoin Bill in the Works

• Some recent developments around friendly regulation — stablecoin legislation might be just around the corner. A bipartisan bill on US stablecoins is about to hit the Senate floor this week with Senator Bill Hagerty saying this one will “make history.”
• “Next week, the Senate will make history when we debate and pass the Genius Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” Hagerty said in a statement on Friday.