The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use,

The crypto market cap hit $4 trillion after the US House passed the GENIUS Act and two other key crypto bills with bipartisan support.

While the second- and third-largest cryptocurrencies have outpaced their larger rival in the past seven and 30 days, it's worth noting BTC has climbed more than 40% in the past three months and hit a new record high.

Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives.

Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.

Ethereum's ether is outperforming bitcoin amid expectations that the GENUIS Act will ban yield-bearing stablecoins.

Ripple CEO Brad Garlinghouse compares the passing of the GENIUS Act to that of the historic 2010 Dodd-Frank Act.