️ Regulatory and Political Factors

• Organizational Life in the United States:

• The issuance of a comprehensive report from the “Working Group” on digital assets (July 30) calls for a comprehensive regulatory framework for Ethereum, stablecoins, DeFi, and clearly defined roles for the SEC and CFTC for the Clarity Act and other regulatory legislation .

• The GENIUS Act was signed on July 17, 2025, and is to be implemented later, creating a clearer environment for dollar-backed stablecoins through mandatory auditing and transparency rules .

• Collaboration between JPMorgan and Coinbase allows Chase customers to purchase digital currencies directly via credit cards starting Fall 2025, with the ability to redeem rewards in the form of USDC .

• Expansion of political support for Bitcoin:

• Psychological projects like the “Strategic Bitcoin Reserve” have not disclosed implementation details yet, despite expectations that the U.S. government may hold quantities of BTC, ETH, and XRP as part of strategic reserves .

• A major sale deal from Galaxy Digital worth $9 billion in Bitcoin did not affect the price, reflecting market maturity and improvements in strategic infrastructure $YFI $XRP #WhiteHouseDigitalAssetReport #DELABSBinanceTGE #EthereumTurns10 #FOMCMeeting #ETHCorporateReserves