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“It’s Official? XRP Declared a Commodity by CFTC – Ripple’s Legal Battle Just Took a Turn!”

The Crypto Basic

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A document circulating in the XRP community suggests that the token has been registered as a commodity with the U.S. CFTC.  
Read more on: https://thecryptobasic.com/2025/08/08/xrp-called-commodity-in-cftc-filing-details/
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“Falling Wedge Breakout Confirmed – Can ADA Smash Through the $0.95 Barrier?”

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US Vice President Vance Says 100M Americans Will Own #Bitcoin Before Too Long. #BTC J.D. Vance, the Vice President of the United States, believes that Bitcoin will become a household asset in America in the near future. Recent reports show that Americans are preferring Bitcoin over well-established assets like gold, and Vance believes this trend will continue. He highlighted that he is bullish on Bitcoin beyond its price action to its intrinsic value as a revolutionary technology. To that effect, he noted that Bitcoin and crypto adoption will maintain its mainstream adoption in the United States, entering the balance sheet of many more. According to him, 50 million Americans currently hold Bitcoin, and it will extend to 100 million “before too long.” Notably, Vance shared these thoughts in his keynote speech at the Bitcoin Conference in May, an event that attracted crypto industry elites. Why would Bitcoin’s adoption reach new highs in the US? Vance noted it was because it is a “genuine” and “ground-up innovation,” which has positively impacted the lives of Americans. For context, he cited that crypto’s introduction of decentralized finance (DeFi) has revolutionized intra-border and cross-border payment systems in the United States. Notably, this administration has been big on this prospect, with the recently passed stablecoin framework teased to open up better settlement rails for retail and institutional use cases. Furthermore, Vance mentioned that Bitcoin has banked the unbanked in the US, expanding the reach of financial services to many who would not have had access to them. Notably, many, including crypto enthusiasts, have complained of the unfair requirements and marginalization in the banking system and how blockchain technology has bridged that gap. The vice president also mentioned crypto’s application in several other aspects of the US economy, including supply chain management and healthcare. Citing these utilities, Vance concluded that an increasing number of Americans will hold Bitcoin soon. #CryptoNewsFlash

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“It’s Over!” Ripple and SEC Jointly Move to Dismiss Appeal – Final Chapter Unfolds in XRP Lawsuit

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Donald Trump Signs Executive Order to Prevent Banks From Discriminating Crypto. US President Donald Trump on Thursday signed an executive order to prevent banks from discriminating against the crypto industry. Trump signed another pro-crypto executive order yesterday, this time targeting complaints from crypto industry leaders of a coordinated effort to “debank” them. For the uninitiated, the term describes a discriminatory approach where a bank rejects a customer, and this can happen for several reasons. The August 7 executive order aims to tackle this menace, particularly for those also cut off due to their political and religious biases. This adds to Trump’s effort to bar banks from sidelining crypto enthusiasts. Meanwhile, the order mandated federal regulators to end bias against legal businesses or individuals due to “reputational risk.” It also urged them to evaluate existing guidelines and rescind any that encourage this discrimination. Furthermore, it tasked Wall Street regulators to investigate if any bank had in the past or currently, formerly or informally, adopted policies that unlawfully debank crypto firms. Additionally, the order threatened fines and other disciplinary actions against banks that discriminate against conservatives or crypto affiliates. The order addresses Operation Choke Point 2.0, a term coined from a targeted action to ostracize the crypto industry from relating to the banking system. The alleged scheme was in full swing in the Biden administration, as banks were encouraged to disconnect from the heavily regulated digital asset sector. While crypto firms have received a warmer treatment since Trump assumed office, the order aims to permanently ensure persistent compliance. Recall that Federal Reserve Chair Jerome Powell stated in January that banks can offer crypto services, with both the FDIC and OCC clearing banks under their jurisdiction to do so. #Crypto

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“Shiba Inu Ready to Soar 156%? Analyst Confirms Bullish Divergence Signals Major Upside Ahead”

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