Bitcoin's price surged to $105,000 following a truce announcement by U.S. President Donald Trump on June 23, 2025. This rally coincides with significant regulatory efforts in the U.S. crypto sector, as lawmakers push for comprehensive legislation. Senator Cynthia Lummis has called for the passage of the GENIUS Act and a crypto market structure bill, emphasizing the need for stablecoin legal clarity. In parallel, Senate Republicans, led by Senator Tim Scott, have introduced principles for digital asset regulation, while Senator Adam Schiff proposed the COIN Act to address potential conflicts of interest in crypto endorsements by government officials. Additionally, World Liberty Financial, associated with Trump, plans a stablecoin audit to enhance transparency. These developments mark a critical juncture for U.S. crypto regulation, with legislative initiatives and strategic actions by crypto firms influencing the digital asset landscape.