US President Donald Trump has designated this week as "Crypto Week" via a social media announcement, highlighting a pivotal House vote on the GENIUS Act aimed at establishing U.S. dominance in digital assets. Trump emphasized the bill would position America ahead of global rivals like China and Europe, stating: "Digital assets are the future, and we're clearly ahead!" He urged Republican representatives to vote "YES" on the legislation, with the first vote scheduled for the afternoon of July 15, 2025.
Simultaneously, the TRUMP memecoin experienced heightened attention following its accelerated listing on Coinbase. The token launched just three days before Trump's inauguration and was approved by the exchange within 24 hours—far faster than typical memecoins—despite Coinbase's standard "rigorous" review process. However, concerns over price manipulation persist, as Trump and associates hold substantial token allocations. The token peaked at $75.35 on April 19 before crashing to ~$7 in early April, trading at $9.55 at the time of reporting.