The global market capitalization of cryptoassets has surpassed $4 trillion for the first time ever, marking a historic moment for the digital asset industry. This milestone comes amid strong momentum from altcoins and a significant push by U.S. lawmakers to provide regulatory clarity for the sector.
The rally was supercharged by legislative breakthroughs in Washington, where the first federal law governing stablecoins was passed during what has been dubbed “Crypto Week.” The bipartisan bill, backed by Republicans and supported by former President Donald Trump, introduces oversight for dollar-linked stablecoins, a $265 billion segment of the market that analysts at Citigroup estimate could grow to $3.7 trillion by 2030.
This landmark legislation allows issuers to choose between federal or state-level regulation, aiming to instill more trust and legitimacy in a rapidly expanding space. It’s seen as a foundational step toward establishing a comprehensive regulatory framework for digital assets in the U.S.
At the same time, altcoins – tokens other than Bitcoin — have led the current rally. Ether, the second-largest cryptocurrency, has soared 22% in the past five days, while Uniswap surged up to 24% and Solana posted intraday gains of 6.5% on Friday. Meanwhile, Bitcoin, often viewed as the industry benchmark, hit a new all-time high of $123,205 earlier this week.
Adding to the bullish momentum, the U.S. House of Representatives passed a broader bill outlining the structure of digital asset markets, which now awaits Senate approval. The bill aims to define the roles of federal agencies like the SEC and CFTC in overseeing the crypto space, a longstanding point of contention among industry players and regulators.
Investor confidence has also been reflected in inflows to U.S.-listed crypto ETFs. In July alone, Bitcoin ETFs brought in $5.5 billion, while Ether ETFs attracted $2.9 billion, underscoring continued institutional interest in crypto as an asset class.
As regulatory clarity improves and broader adoption continues, this latest surge reinforces a growing belief among investors: crypto is moving firmly into the mainstream.
