The US Congress is expected to restart cryptocurrency legislation in 2025

● The prediction market expects BTC and ETH to reach new highs in 2025

According to Cointelegraph, traders on Polymarket and Kalshi expect Bitcoin and Ether to hit all-time highs in 2025, and predict that the US will approve multiple cryptocurrency ETFs and establish a strategic Bitcoin reserve.

Polymarket also predicts that US regulators will approve ETFs for XRP, Solana, and Litecoin by July 31, with probabilities of 75%, 69%, and 51% respectively. The probability of ETF approval for Dogecoin is 22%.

● Bitwise applies to the US SEC for the “Bitcoin Standard Corporations ETF”

According to PANews, Bitwise has applied to the US Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. This fund aims to invest in stocks of companies that adopt the Bitcoin standard, with at least 1,000 BTC in company funds.