1. Supportive American legislation for digital currencies
The United States is pushing for clearer regulation of digital currencies through the Clarity Act legislation, which will determine whether digital assets are classified as commodities or securities under the authority of the CFTC or SEC, helping currencies like Ethereum, Solana, and XRP gain legitimacy, while meme coins may face stronger regulatory pressure.
Barron's
2. Washington is pursuing networks supporting Russian sanctions via crypto
Britain and the United States have imposed new sanctions on institutions from Kyrgyzstan and Luxembourg linked to a stablecoin pegged to the ruble (A7A5), accused of using it to smuggle transactions worth $9.3 billion. These developments confirm the seriousness of governments in monitoring and closing most financial loopholes using crypto.
Reuters
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3. Victims of high-level crypto politics: electoral support for both Trump and Asian investments
The Winklevoss brothers invested $21 million in a super PAC supporting Trump, aimed at protecting developers and rejecting central bank digital currencies.
Politico
In Asia, wealthy investors are boosting their holdings of digital currencies, viewing digital currency as a core part of investment diversification, driven by legislation like the GENIUS Act in the U.S. and stablecoin regulations in Hong Kong.
Reuters
4. Financial bodies press for easing Basel standards regarding digital assets
Global financial associations are calling for a delay in the implementation of strict regulatory standards proposed by the Basel Committee regarding banks' dealings with digital assets, considering that they do not align with market developments and represent an unreasonable burden.
Reuters
How does this affect the market?
Subject Potential impact
U.S. regulations Support for Ethereum, Solana, and XRP in the medium term, pressure on meme coins
Tightening sanctions Increased security oversight and higher volatility for currencies linked to sanctions
Political support and Asian investments Moral and Sunni support for digital currencies as an institutional asset
Regulatory resistance from banks Possibility of delaying or modifying standards in favor of accepting digital currencies
