The key lawmakers pushing a trio of cryptocurrency bills that passed during so-called “Crypto Week” on Capitol Hill are the top beneficiaries of crypto campaign cash, heightening concerns about the crypto industry’s increasing influence in U.

The price of bitcoin jumped as high as 3% on Monday to $123,165.67 — a new record for the cryptocurrency. Bitcoin subsequently cooled slightly but was still trading at north of $120,000, at last check.

Bitcoin rallies past $120K as lawmakers near key crypto legislation. Explore fresh highs, corporate treasury moves, and market outlook.