Crypto week kicks off on Capitol Hill, with lawmakers set to debate a handful of bills that sources say could have a big impact on the market.

Congressional Republicans are poised to notch their biggest win ever in a yearslong legislative push to enact rules benefiting the cryptocurrency industry — but most eyes during the House GOP’s “crypto week” are likely to be fixed on Democrats.

Bitcoin hit a record $120,000 on Monday as US lawmakers prepared to consider a number of bills aimed at creating clearer regulatory frameworks for digital assets. The world’s largest cryptocurrency climbed 2.