The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.

There would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that is what a handful of experts fear could happen now that Congress has passed the GENIUS Act, a major piece of crypto legislation.

B2C2, a crypto market maker based in London and 90% owned by SBI Holdings, is preparing to raise up to $200 million from external investors.

As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun. Institutional flows are growing, but retail interest and App Store rankings remain unusually low. A weakening US dollar or major ETF adoption could push the crypto market cap well above its previous highs.

The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream.