Bitcoin Surpasses Amazon to Become the World’s 5th Largest Asset After Major US Crypto Laws Pass

Bitcoin has officially overtaken Amazon in market capitalization, making it the fifth largest asset in the world as of July 2025. This historic milestone comes in the wake of the United States passing three major cryptocurrency laws, including the widely discussed GENIUS Act, which has provided a significant legal framework for the crypto industry.

The GENIUS Act, short for “Guidance for Emerging National and International Use of Stablecoins,” plays a pivotal role in legalizing and regulating the use of stablecoins within the United States. This landmark legislation not only legitimizes stablecoins but also outlines strict compliance standards that both issuers and platforms must meet. The act has been praised for its clarity and is expected to serve as a global benchmark for stablecoin governance.

Alongside the GENIUS Act, two other important laws were enacted that provide clearer definitions of digital assets and establish oversight responsibilities among federal agencies. These legislative breakthroughs have created a more secure and transparent environment for investors and institutions.

In the wake of this legal clarity, confidence in the digital asset market has surged. Institutional investors, who were previously hesitant due to regulatory uncertainty, are now entering the market more aggressively. As a result, Bitcoin has seen a remarkable uptick in demand and price, catapulting it past Amazon’s market value.

Bitcoin’s market capitalization now exceeds $1.9 trillion, placing it behind only gold, Microsoft, Apple, and Saudi Aramco. Experts believe this momentum is far from over, with many forecasting that Bitcoin could challenge the top three assets in the coming years, especially as more nations consider regulatory frameworks modeled after the US approach.

This development marks a significant shift in the global financial landscape. It demonstrates not only the growing acceptance of digital assets but also the crucial role governments play in shaping the future of money. For retail and institutional investors alike, Bitcoin's rise is a clear signal that crypto is no longer on the fringe—it is now a core component of the modern investment portfolio.

U.S. Congress to Kick Off July 9 Crypto Tax Hearing Amid 0% Gains Buzz

On July 9, 2025, the U.S. House Ways and Means Committee will convene a pivotal hearing titled “Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Built for the 21st Century”, set for 09:00 AM ET in the Longworth House Office Building. This session kicks off ahead of a full “Crypto Week” starting July 14, during which lawmakers aim to vote on landmark bills including the CLARITY, GENIUS, and CBDC‑related legislation

A major point of speculation is whether Congress will discuss introducing a 0% capital gains tax on U.S.-based crypto assets—rumors that have energized the crypto community, though no formal proposal has been confirmed. The aim, however, is clear: to modernize tax policy, simplify compliance, and restore America’s competitive edge in blockchain innovation.

Meanwhile, the Senate Banking Committee will hold its own hearing—“From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets”—on the same day, featuring heavyweights like Ripple’s Brad Garlinghouse, Blockchain Association CEO Summer Mersinger, Chainalysis’s Jonathan Levin, and Paradigm’s Dan Robinson. They’ll tackle digital‑asset custody, stablecoin safeguards, and market structure proposals like the GENIUS and CLARITY Acts.

In parallel, Senator Cynthia Lummis has unveiled a standalone crypto tax reform bill aiming to:

• Exempt capital gains on small crypto trades under $300 up to $5,000 annually,

• Defer mining and staking taxes until tokens are sold,

• Treat lending activities as non‑taxable, and

• Close “wash‑sale” loopholes while permitting mark‑to‑market accounting for traders.

If advanced, this package could alleviate burdensome reporting regulations and align crypto taxation more closely with those for securities and commodities.

Why this matters:
The hearing signals a potential shift toward a friendlier regulatory environment that balances tax clarity, regulatory oversight, and innovation—key to attracting both retail users and institutional investors. While a 0% capital gains tax remains speculative, discussions around simplified frameworks are making significant headway.