🧠 White House Releases Landmark Crypto Policy Report

- The President’s Working Group on Digital Asset Markets unveiled a sweeping regulatory framework for digital assets.

- Key highlights:

- Stablecoin support: USD-pegged stablecoins are promoted as tools to strengthen the dollar’s global role.

- CBDC ban: The report backs the Anti-CBDC Surveillance State Act, opposing central bank digital currencies.

- Bitcoin Reserve: While a national Bitcoin reserve was authorized in March, the report omits details on its implementation.

- Regulatory clarity: Calls for coordination between the SEC and CFTC, and clearer rules for crypto taxation and trading.

💳 Coinbase Partners with JPMorgan Chase

- Coinbase and Chase announced a major partnership to expand crypto access:

- Users will soon be able to buy crypto directly with Chase credit cards.

- In 2026, Chase reward points can be redeemed for USDC stablecoins.

- Chase bank accounts will be linked to Coinbase, bridging traditional finance and crypto.

📜 GENIUS Act Signed into Law

- The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) was signed into law on July 18, 2025.

- It sets strict standards for stablecoin issuers:

- Must be backed by cash or U.S. Treasury assets.

- Subject to federal audits and dual regulatory oversight.

- Discourages algorithmic stablecoins, favoring fully backed tokens.

📈 XRP Price Surge Ahead of Policy Report

- Whales opened $25M in long positions on XRP, anticipating bullish momentum from the White House report.

- Analysts predict a potential rally to $5.9, driven by regulatory clarity and U.S. support for domestic crypto infrastructure.