These are the upcoming events in the world of digital currencies that may significantly impact the market:
August 15, 2025 – Legal update from the U.S. Securities and Exchange Commission (SEC) regarding Ripple and clarification of XRP's regulatory status
August 20, 2025 – Wyoming launches a state-backed stablecoin called WYST
August 21-23, 2025 – Federal Reserve policy signals at the Jackson Hole Economic Forum
September 9, 2025 – Deadline for SEC decision on the Franklin XRP ETF
September 16-17, 2025 – Federal Open Market Committee (FOMC) meeting with a possibility of interest rate cuts
In-depth look
1. Legal update from SEC and Ripple regarding XRP status
Overview: The U.S. Securities and Exchange Commission and Ripple must submit a joint report by August 15, which could end their 5-year legal dispute. At the same time, the agency will clarify whether XRP is considered a security. A rejection of the appeal by the agency could strengthen XRP's legal status.
What this means: A positive outcome may attract renewed interest from financial institutions in XRP and set standards for classifying digital currencies as securities. Meanwhile, regulatory ambiguity could pressure alternative digital currencies.
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2. Launch of the WYST stablecoin in Wyoming
Overview: Wyoming plans to launch the first state-backed stablecoin in the U.S. called WYST on August 20, pegged to the U.S. dollar at a 1:1 ratio and subject to existing money transmission laws.
What this means: This may accelerate innovation at the state level, challenge private stablecoins like USDT and USDC, and test the competition between public and private stablecoins.
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3. Jackson Hole Economic Forum
Overview: The annual Federal Reserve Forum (August 21-23) may discuss topics such as inflation, interest rate cuts, and the role of digital currencies in monetary policy. Markets will monitor comments from Fed Chair Jerome Powell for signals of monetary policy tightening or easing.
What this means: Easing signals (such as interest rate cut timelines) may boost liquidity in the digital currency market, while tightening may strengthen the dollar and pressure BTC and ETH.
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4. Decision on the Franklin XRP ETF
Overview: The U.S. Securities and Exchange Commission faces a deadline on September 9 to approve or deny the Franklin Templeton XRP ETF. Approval will come after the launch of the XRP ETF in Canada in June 2025.
What this means: Approval may attract institutional capital and affirm XRP's viability in the mainstream market, while rejection could weaken the prospects for alternative digital currency funds.
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5. Federal Open Market Committee meeting in September
Overview: Markets anticipate a 92% chance of a 25 basis point interest rate cut at the September 16-17 meeting. Weak job data and declining inflation support this easing.
What this means: Interest rate cuts typically weaken the dollar, benefiting digital currencies as risk assets. Updated economic forecasts and a press conference by Fed Chair Jerome Powell should be closely monitored.
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Summary
The Federal Open Market Committee meeting in September is considered the most influential event, as interest rate cuts are expected to drive momentum in digital currencies. However, the SEC's actions on August 15 regarding XRP may cause immediate market volatility. It is advisable to monitor the odds of future interest rate contracts (currently 92% for September cuts) and XRP's support level at $3.00 for directional signals. Positive factors outweigh negative risks in the short term, but regulatory uncertainty remains an uncalculated factor.
