Elon Musk harshly criticizes Trump administration, US House of Representatives passes 3 cryptocurrency bills, Israel criticized for airstrike on Gaza church
On July 18, 2025, many prominent events in the fields of global politics, finance and geopolitics attracted a lot of attention from analysts and investors.
Billionaire Elon Musk has caused a stir on social media with dozens of posts on the X platform criticizing the Trump administration for withholding information about billionaire Jeffrey Epstein. Musk said that previous tactics of denial and reversal “are no longer effective.” A recent Reuters/Ipsos poll also found that 69% Americans believe the government is withholding information about the Epstein case.
On the same day, the US House of Representatives passed three cryptocurrency bills: GENIUS Act (protecting crypto startups), CLARITY Act (clarifying the legal framework for digital assets) and Anti-CBDC Surveillance Act (preventing the issuance of digital USD without the consent of Congress). President Trump is expected to sign it into law this week.
This event is considered an important turning point in establishing a transparent legal framework for the crypto market in the US. Bitcoin is currently fluctuating around the $120,000 mark, showing optimism from investors.
Meanwhile, Israel is facing criticism after mistakenly bombing a Catholic church in Gaza, killing three people. President Trump called Prime Minister Netanyahu to demand an explanation. In addition, 11 Middle Eastern countries have just issued a joint statement to defend Syria and oppose outside intervention.
In Ukraine, President Zelensky said he was negotiating a major deal with the United States: Washington would buy Ukrainian-made drones, in exchange for Kiev committing to buy weapons from the United States. This agreement is considered the most important “drone deal” since the Russia-Ukraine conflict broke out.
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