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According to Foresight News, BlackRock strategists have indicated in a report that the latest U.S. stablecoin regulatory legislation could bolster the dollar's dominance. Earlier this month, U.S. President Donald Trump signed the Genius Act, aimed at establishing a regulatory framework for stablecoins. The strategists highlighted that this regulation is expected to create an international payment ecosystem based on tokenized dollars, further reinforcing the dollar's leading position. Additionally, the strategists noted that stablecoins could offer emerging market users a more convenient way to access dollars compared to their own volatile currencies.

According to Foresight News, the Hong Kong Monetary Authority has announced that the regulatory framework for stablecoin issuers will come into effect on August 1. This move aims to enhance oversight and ensure stability within the digital currency sector.

According to Cointelegraph, Representative Tom Emmer, the sponsor of the U.S. House's Anti-CBDC Surveillance State Act, has emphasized the potential impact of the bill on the Federal Reserve's ability to issue a central bank digital currency (CBDC). During a press call on Friday, the Minnesota representative discussed the progress of the Anti-CBDC bill, which he introduced in March. Emmer stated that the bill would allow the Federal Reserve to explore the development of a digital dollar, provided it emulates cash in specific ways and remains open, permissionless, and private. The legislation proposes amending the Federal Reserve Act to prevent federal banks from issuing any digital asset substantially similar to a CBDC. The bill was one of three pieces of legislation passed by the House this month as part of the Republicans' "crypto week" plans. These included measures addressing payment stablecoins and digital asset market structure. However, the Anti-CBDC bill received the least support from Democrats in the House of Representatives. Of the three bills passed on July 18, only the GENIUS Act, aimed at regulating stablecoins, has been signed into law by U.S. President Donald Trump, having already passed the Senate. The Senate is expected to consider the Digital Asset Market Clarity (CLARITY) Act on market structure and Emmer's CBDC bill after returning from its August recess. Republican leaders have set a September goal for advancing the crypto market structure legislation. While the CBDC bill is likely to remain on the Senate's agenda in September, statements from Republican leaders indicate a prioritization of the CLARITY Act, with expectations to pass the bill through the chamber before October. Wyoming Senator Cynthia Lummis, chair of the Senate Banking Committee's digital assets subcommittee, has advocated for the chamber to remain in session through August to address some of President Trump's nominations, including the prospective Commodity Futures Trading Commission Chair Brian Quintenz. A spokesperson for Senator Lummis indicated her commitment to executing the president's agenda during this period, suggesting she may also use the time to prepare the crypto market structure bill. As of Monday, the Senate is still scheduled to go on recess on August 3.

According to Foresight News, Interactive Brokers, a U.S. electronic securities trading company, is contemplating the issuance of a stablecoin for its clients. This move comes as the U.S. government eases regulations on the cryptocurrency industry, prompting the financial giant to capitalize on the growing interest in digital tokens.

According to PANews, the European Central Bank (ECB) has issued a warning regarding the potential impact of stablecoins on the Eurozone's monetary policy. The ECB highlighted concerns that the early dominance of the U.S. dollar in stablecoins could provide advantages to the United States. This dominance may lead to increased borrowing costs in Europe, undermine the ECB's autonomy, and heighten dependency on the U.S. financial system.

NAB strategist Ray Attrill sees the Australian dollar strengthening nearly 3% by year-end as Fed rate cut expectations and tariff risks pressure the U.S. dollar.Key TakeawaysNAB’s Ray Attrill forecasts the Australian dollar (AUD) to rise almost 3% by year-end.Fed rate cut bets and global tariff risks may weaken the U.S. dollar, supporting AUD.A hotter-than-expected CPI could shift expectations for the Reserve Bank of Australia’s (RBA) policy path.Fed Bets, Tariff Risks Boost AUD OutlookAccording to Jinshi Data, Ray Attrill, head of foreign exchange strategy at National Australia Bank (NAB), said growing market expectations for Federal Reserve rate cuts and mounting tariff concerns could weigh on the U.S. dollar (USD), paving the way for Australian dollar gains.He added that major Australian pension funds are already increasing exchange rate hedging, boosting demand for AUD.Inflation Data Could Fuel MomentumThe second-quarter CPI data, set to be released on Wednesday, could provide an additional push.If CPI comes in hotter than expected, traders may scale back expectations of more than two RBA rate cuts this year.The RBA’s cautious, gradual stance on monetary policy could further stabilize AUD sentiment.AUD Could Rise Nearly 3% by Year-EndAttrill projects the AUD to appreciate by around 3% by December 2025, supported by:A softer USD driven by Fed policy easing.Tariff-related uncertainty weakening the greenback’s safe-haven appeal.Ongoing hedging flows from institutional investors like pension funds.

According to BlockBeats, France's Industry Minister has announced that the European Union and the United States are entering further negotiation stages regarding their framework trade agreement. These discussions are expected to continue for several weeks or months, indicating that this is not the conclusion of the story.Previously, U.S. President Donald Trump stated that a trade agreement had been reached with the European Union.

According to BlockBeats, a recent segment on the CCTV program 'World Weekly' focused on U.S. President Donald Trump's cryptocurrency policies and stablecoins. Despite Trump's introduction of several crypto-friendly initiatives, including the Genius Act, the report noted that Bitcoin and other cryptocurrencies continue to experience significant price volatility and security risks.The 20-minute report emphasized Trump's active promotion of stablecoin development, linking it closely to Federal Reserve policies and the high level of U.S. national debt. It described stablecoins as a new generation of 'dollar hegemony.' Amid the global push for national stablecoin issuance, the report highlighted the challenge of establishing a more stable international order.

According to BlockBeats, Hong Kong's stablecoin-related stocks experienced a significant rise. Jinyong Investment (01328.HK) saw an increase of nearly 6%, Huaxing Capital Holdings (01911.HK) rose by over 5%, and Guotai Junan International (01788.HK) climbed close to 4%. This surge comes as the Hong Kong Stablecoin Ordinance is set to take effect on August 1, marking the final countdown for stablecoin issuance under the new regulations.

According to BlockBeats, European Commission President Ursula von der Leyen announced that a trade agreement with the United States will bring stability, with both parties agreeing to implement a unified 15% tariff.

According to PANews, the CME's "FedWatch" tool indicates a 97.4% probability that the Federal Reserve will maintain its current interest rates in July. There is a 2.6% chance of a 25 basis point rate cut. Looking ahead to September, the probability of rates remaining unchanged is 35.9%, while there is a 62.4% chance of a cumulative 25 basis point cut and a 1.6% chance of a cumulative 50 basis point cut.

According to PANews, U.S. President Donald Trump has no plans to dismiss Federal Reserve Chairman Jerome Powell. This statement was made by the Director of the Office of Management and Budget, Vought, as reported by Jinshi News.

According to PANews, U.S. Commerce Secretary Wilbur Ross announced that the deadline for the tariff increase on August 1 will not be extended. This decision was reported by Fox News and relayed by Jinshi. The announcement underscores the firm stance of the U.S. administration on trade policies.

According to BlockBeats, Sygnum's Chief Investment Officer Fabian Dori has stated that the GENIUS Act will significantly alter the stablecoin landscape by shifting issuers from a yield-driven model to a focus on payment use cases. The revised legislation clearly distinguishes between interest-bearing stablecoins and those used for payments, aligning the U.S. framework more closely with the European Union's MiCA regulations and laying the groundwork for a 'global consensus.' Dori believes that regulatory clarity will encourage institutions to develop innovative 'killer applications,' creating new demand for payment services.

According to BlockBeats, U.S. President Donald Trump has expressed a singular request to the Federal Reserve: to reduce interest rates. The statement was made by Vought, the Director of the Office of Management and Budget, who emphasized Trump's desire for a Federal Reserve Chair who is proactive in economic matters.

According to Foresight News, Futu Securities, an indirect wholly-owned subsidiary of Futu Holdings Limited (02263.HK), has applied to the Hong Kong Securities and Futures Commission for a license. The application, submitted on July 25, 2025, aims to allow the company to engage in regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as an intermediary for virtual asset trading and advisory services.

The Senate Banking Committee has released a draft of the CLARITY Act, seeking public input on how the SEC regulates digital assets. The bill, already passed by the House, now moves toward Senate review and potential signing by President Trump.Key TakeawaysSenate Banking Committee releases CLARITY Act discussion draft, introducing the concept of “affiliated assets.”Public input open until early August before Senate consideration.House already passed the bill, awaiting Senate approval before heading to President Trump’s desk.Coordination between Senate Banking and Agriculture Committees expected as Democrats’ support will be key to final passage.Senate Draft Puts Focus on SEC’s Crypto OversightOn July 27, the U.S. Senate Banking Committee released a discussion draft of the CLARITY Act, aiming to clarify how the Securities and Exchange Commission (SEC) regulates digital assets.The draft introduces the concept of “affiliated assets” — a framework that could help determine when digital tokens fall under securities rules.The committee is now inviting public feedback through early August, a move seen as critical for shaping the bill before formal Senate debate.House Passed Bill, Trump Signals SupportThe House of Representatives passed its version of the CLARITY Act last week. Once the Senate approves the legislation, it will move to President Trump for signing.The White House crypto chief confirmed Trump supports the bill, framing it as part of his campaign pledge to deliver regulatory clarity for the digital asset sector.What Comes Next?Rashan Colbert of the Crypto Innovation Council said the Senate might not move identically to the House but emphasized that the Banking and Agriculture Committees will likely coordinate on broader crypto market structure legislation.Analysts say Democratic lawmakers’ support will be crucial for the bill’s passage in the Senate.

According to PANews, U.S. Senator Elizabeth Warren has expressed criticism towards the lobbying activities of the cryptocurrency industry, drawing parallels to legislative actions preceding the 2008 financial crisis. Senator Warren acknowledged the necessity for cryptocurrency legislation but voiced concerns over the industry's influence on American politics. She cited the 'Genius Act' as an example of the industry 'writing its own legislation.' Warren compared this to the 2000 Commodity Futures Modernization Act, which she suggested may have indirectly contributed to the 2008 financial crisis.

According to PANews, the U.S. Department of Justice is evaluating the possibility of filing charges against employees of Dragonfly in connection with the Tornado Cash incident. This development was reported by Aggr News. The case involves allegations related to the use of Tornado Cash, a cryptocurrency mixing service, which has been under scrutiny for its potential role in facilitating illicit activities. The Justice Department's decision on whether to proceed with charges is still pending.