US Genius Act Vote Tomorrow: Will This Be the Catalyst to Launch Bitcoin to $140K?

Wall Street holds its breath as Congress prepares to vote on legislation that could send crypto markets into overdrive. The Genius Act—Washington's latest attempt to 'understand' blockchain—might just accidentally fuel the mother of all bull runs.

Bitcoin's price sits coiled like a spring. Institutional money waits in the wings. And now? A potential regulatory green light from the same clowns who banned it last decade.

Market makers are already positioning. OTC desks report surging demand. If this bill passes without crippling amendments, that $140K target starts looking conservative.

Of course, politicians could still screw this up—nothing moves slower than government, except maybe a proof-of-work chain during congestion. But for once, the stars might align for crypto.

One hedge fund manager quipped: 'They'll pass this right after CPI prints at 2%. Hell might freeze over too.' Place your bets.

Can The GENIUS Act Help Bitcoin Hit $140,000?

The GENIUS Act does not have anything to do with the larger cryptocurrency market. The legislation will deal with uncertainties in the stablecoin industry. While stablecoins are not directly linked to the performance of other crypto assets, the legislation could lead to a general bullish environment. Such a development could help Bitcoin (BTC) and other crypto assets.

The GENIUS Act could pave the way for other legislative actions for the crypto industry. President Trump had stated that he wants the crypto industry in the US to thrive. The SEC is also currently helmed by pro-Bitcoin candidate Paul Atkins. Atkins has stated that having clear regulations is a priority for the financial watchdog.

A possible bullish sentiment arising from the passing of the GENIUS Act could lead to increased inflows into bitcoin (BTC). Retail investors have mostly been absent over the last few months. The passing of the GENIUS Act could lead to retail players taking more action. Such a development could lead to Bitcoin (BTC) breaching the $140,000 mark.

It is also possible that BTC will not react to the passing of the GENIUS Act. It is possible that the legislation will lead to more people embracing stablecoins globally. The MOVE could also lead to a surge in US dollar adoption, as most stablecoins are pegged to the dollar.