• The U.S. Senate Banking Committee has scheduled a hearing on cryptocurrency market structure.
• Ripple CEO Brad Garlinghouse is expected to testify alongside other digital asset industry leaders.
• The hearing will focus on new legislation aimed at clarifying crypto classifications between the SEC and the CFTC.
• XRP holders are anticipating that the hearing will help resolve the long-standing regulatory confusion around XRP.
• Ripple has been involved with multiple U.S. federal agencies since 2013 regarding XRP’s status.

The U.S. Senate Banking Committee has scheduled a key hearing to examine the future of cryptocurrency regulation. Ripple CEO Brad Garlinghouse will testify alongside other digital asset leaders during the session on Wednesday, July 9, at 10:00 a.m. ET. XRP holders now anticipate that this event may clarify long-standing regulatory conflicts that have affected their token.

XRP Holders Hope for Clearer Guidelines

The hearing will focus on proposed legislation introduced by Republican Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Thom Tillis. These lawmakers seek to draw clearer lines between digital assets regulated by the SEC and those under CFTC oversight. Their proposal introduces specific definitions intended to reduce jurisdictional uncertainty and increase transparency.

XRP holders see this as a potential turning point in resolving ambiguity surrounding XRP’s classification. Ripple’s legal history shows repeated contact with regulators, yet the token remains in regulatory limbo. For years, XRP holders have endured mixed signals from federal agencies, impacting the asset’s adoption and price stability.

🗞️Congress Plans Crypto Refocus Next Week; Roman Storm Speaks Out

Crypto returns to the spotlight after OBBB marathon, our exclusive interview with indicted Tornado Cash founder @rstormsf and a roundup of the week’s top stories so far. ⬇️https://t.co/bzJ8oGYPf9

— Eleanor Terrett (@EleanorTerrett) July 2, 2025

The SEC regulates securities, while the CFTC governs commodities, creating overlap when digital assets display features of both. XRP, in particular, has experienced inconsistent categorization despite early recognition by federal agencies. The legislation seeks to prevent future cases like XRP by standardizing how digital tokens are evaluated.

Ripple’s Long Regulatory Road Fuels Hearing’s Relevance

Ripple’s CEO will testify on behalf of XRP holders and the broader blockchain community, emphasizing the need for a unified framework. Since 2013, Ripple has met with multiple U.S. agencies, including the Federal Reserve, the SEC, and the Treasury Department. These meetings aimed to explain how XRP functions and address regulatory concerns.

In 2014, the Government Accountability Office listed XRP as a virtual currency, adding complexity to its classification. Later in 2015, Ripple agreed to comply with banking laws under FinCEN and paid a settlement fine. XRP holders viewed this as evidence of regulatory approval, but conflicts persisted.

In 2018, SEC lawyers applied the Howey Test to XRP but chose not to pursue enforcement actions at that time. Ripple executives then discussed guidance directly with SEC officials, though no violations were raised. These interactions strengthened XRP holders’ belief in Ripple’s commitment to compliance.

Public and Private Sector Actions Complicate XRP’s Status

XRP holders also point to third-party actions as further justification for legal clarity. Coinbase listed XRP after evaluating its compliance status, and the SEC did not object to the listing. MoneyGram disclosed its use of XRP in 2019 filings and conducted cross-border transactions using the token.

Despite this, the SEC filed a lawsuit against Ripple in December 2020, claiming unregistered securities offerings dating back to 2013. This shocked XRP holders, who expected the years of dialogue and cooperation would protect against such legal action. They argue the inconsistency between agency positions has harmed investor trust.

The Financial Stability Oversight Council co-signed a report in 2019 labeling XRP as a virtual currency. Both the SEC and CFTC heads participated in that publication, adding to regulatory confusion. XRP holders continue to cite these conflicting definitions as justification for immediate reform.

Industry Leaders Seek Clarity to Drive Innovation

Garlinghouse will join industry voices including Blockchain Association member Summer Mersinger and Chainalysis CEO Jonathan Levin. Together, they will address the Senate on how fragmented regulation limits innovation and undermines U.S. leadership in digital assets. XRP holders expect their testimony to emphasize urgency and promote a consistent approach.

Paradigm researcher Dan Robinson will also testify, bringing technical insights into how regulation affects blockchain development. Legislators intend to gather input from all sides before finalizing any framework. XRP holders hope the hearing results in more balanced and enforceable laws across agencies.

The post XRP Holders Eye Senate Hearing as Ripple CEO to Testify on Crypto Law appeared first on CoinCentral.

• President Donald Trump has announced a 25 percent tariff on goods imported from Japan and South Korea.
• The new tariffs are part of a broader strategy to address trade imbalances with key U.S. trading partners.
• The announcement triggered a sharp drop in Bitcoin’s price, which is now just above $108,000.
• Markets reacted quickly to the tariffs as investors grew concerned about a possible escalation into a trade war.
• Trump warned that additional countries, including India and the European Union could face higher tariffs if no trade deals are reached.

The United States has confirmed a 25% tariff on imports from Japan and South Korea, sparking immediate market reactions. President Donald Trump announced posts on Truth Social, emphasizing unfair trade practices. Meanwhile, Bitcoin faced renewed selling pressure as markets priced in escalating tensions before the July 9 trade deadline.

Tariffs Imposed Ahead of July 9 Deadline

Trump directed the new tariffs at Japan and South Korea after warning of trade imbalances in recent weeks. The administration argued that the U.S. continues to suffer due to unequal trade deals with both nations. Consequently, these tariffs are part of a broader plan to restore trade leverage before further negotiations.

The timing of the tariffs aligns with a key trade deadline that could involve more countries. Trump previously stated that nations without revised trade deals might face higher import duties. This includes India and the European Union, where talks have reportedly stalled.

While Japan and South Korea have responded diplomatically, further tariffs could disrupt economic ties. Both countries rely heavily on exports to the U.S. for sectors like electronics and automotive. Any retaliatory tariffs from these nations could escalate the conflict further.

BTC Falls Below Key Support as Tariffs Bite

Bitcoin’s price declined sharply following the tariff announcement, reacting to fears of broader economic instability. After a brief recovery in May, BTC is now trading just above the $108,000 level. The current drop marks a significant shift, as earlier optimism fades under renewed global trade pressure.

The BTC market had already shown signs of weakness in early July. Traders anticipated new tariffs ahead of the July 9 deadline, prompting early selling. As a result, prices temporarily dipped below $108,000 before stabilizing.

Trump’s trade actions continue to influence broader crypto sentiment. In April, Bitcoin plunged to $78,000 during the initial tariff wave, reflecting investor concern. Further tariffs may lead to sharper losses if global trade talks deteriorate.

The post Trump Slaps 25% Tariffs on Japan, South Korea as BTC Price Slips appeared first on CoinCentral.

• The TON Foundation announced a staking program promising 10-year UAE visas for $100,000 in Toncoin.
• UAE authorities officially denied any connection to the Toncoin visa offer and confirmed it is not government-approved.
• The announcement gained traction after Binance founder CZ expressed interest in a similar idea for BNB Chain.
• CZ later dismissed the Toncoin campaign after verifying its lack of official backing and regulatory approval.
• The Toncoin website continues to promote the program despite backlash from the community and UAE officials.

A recent Toncoin announcement has drawn global attention, only to be swiftly dismissed by UAE officials as false. The TON Foundation promoted a program offering 10-year UAE visas in exchange for staking $100,000 in Toncoin. Authorities have denied any association, confirming there is no official partnership or approval for such a scheme.

Toncoin’s Bold Claim Faces Immediate Rejection

Toncoin’s announcement circulated on July 5, drawing strong reactions across the crypto industry and social platforms. The TON Foundation promoted guaranteed returns, low risk, and UAE residency through a staking program. However, UAE regulators have stated there is no such visa path linked to staking Toncoin.

Following the claim, the Emirates News Agency issued a public statement denying any government-backed involvement with Toncoin. Officials clarified the token lacks regulatory approval and cannot serve as a basis for visa grants. As a result, the announcement has now come under heavy scrutiny.

Toncoin continues to promote the initiative online, while the foundation has made no retraction. Despite public disapproval, the related webpage remains active. UAE authorities have also reiterated that such offerings violate local policy and regulations.

CZ Reacts as Toncoin Undermines Trust

Binance founder Changpeng Zhao, also known as CZ, initially welcomed the Toncoin initiative as an exciting idea. Operating from the UAE, CZ considered a similar program for BNB Chain. He acknowledged the concept’s potential but questioned its credibility due to the lack of official verification.

If it is real, we will definitely try to get it on BNB too.

— CZ 🔶 BNB (@cz_binance) July 6, 2025

After confirming the UAE’s stance, CZ labeled Toncoin’s campaign as misleading and excessive. He noted several inconsistencies, including the absence of legal or government documents. In response to the clarification, CZ shared a public reaction dismissing the program entirely.

The post Toncoin Visa Promise Denied by UAE, Binance’s CZ Drops Interest appeared first on CoinCentral.

• Elon Musk has announced that his newly formed America Party will accept Bitcoin as a form of support.
• He stated that the US dollar is hopeless and signaled a shift toward cryptocurrency-backed politics.
• Tesla currently holds over 11,000 Bitcoins and remains a top corporate asset holder.
• Samson Mow encouraged Musk to resume Bitcoin payments at Tesla and offer discounts through SpaceX.
• Elon Musk criticized Donald Trump’s economic bill for increasing the national debt by trillions of dollars.

Elon Musk announced that his new political party, the America Party, will accept Bitcoin, calling the US dollar hopeless. The announcement followed a social media poll where over 1.24 million people voted, with the majority supporting the new party. Musk’s decision signals a direct challenge to traditional financial systems and existing political structures.

Elon Musk Renews Support for Bitcoin

Elon Musk confirmed that the America Party will support Bitcoin, aligning with his earlier endorsements of digital assets. Tesla, under Elon Musk’s leadership, previously purchased $1.5 billion in Bitcoin and holds 11,509 BTC. As of now, Tesla remains the ninth-largest publicly traded company with Bitcoin in its treasury.

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

Though Elon Musk had paused Bitcoin payments at Tesla due to environmental concerns, this new move renews his crypto stance. Supporters believe this shift could reshape public trust in digital currency, especially with political backing. Musk’s strategy may also influence how other parties approach cryptocurrency in national debates.

The announcement gained traction after Bitcoin advocate Samson Mow suggested Tesla resume Bitcoin payments. Mow also recommended that SpaceX offer Bitcoin-based discounts, tying Elon Musk’s companies more closely to the digital economy. These suggestions reinforce Musk’s long-standing influence over cryptocurrency markets and their direction.

Dogecoin’s Influence and Political Positioning

Elon Musk also holds influence over Dogecoin, a cryptocurrency that frequently responds to his public statements and social media posts. While he focused this time on Bitcoin, his past support for Dogecoin remains relevant within crypto circles. The markets have seen Dogecoin rise and fall following Elon Musk’s tweets, showing his continued impact.

Musk criticized Donald Trump’s recent “One Big Beautiful Bill,” arguing it would severely increase national debt and damage the economy. The disagreement further widened the rift between Elon Musk and Trump, especially as Musk moves to build a competing political platform. Trump, in response, warned that Musk’s America Party could divide Republican support during the 2026 midterms.

Elon Musk questioned the credibility of Trump’s fiscal promises while highlighting contradictions in his debt-reduction plans. He also stated that the current system fails to protect the country from financial mismanagement. These comments underline his reasons for launching a third party focused on economic reform.

America Party Goals and Public Response

Elon Musk framed the America Party as a necessary alternative to what he views as a one-party system dominated by corruption. He emphasized restoring economic responsibility and giving citizens more control over national decisions. The party’s use of Bitcoin reflects Musk’s rejection of fiat currency and desire for innovation.

The public reaction has been mixed, but many supporters believe Elon Musk could disrupt the political status quo. His businesses already influence technology and finance, and now he’s extending that impact into politics. With Bitcoin integration, the America Party introduces a new angle to digital policy platforms.

Elon Musk continues to push boundaries, blending political ambition with financial innovation in a way that few public figures have attempted. His leadership in Tesla and SpaceX now expands to national politics, guided by strong views on the future of money. The America Party, backed by Bitcoin, marks another chapter in Musk’s growing legacy.

The post Elon Musk Backs Bitcoin for America Party, Criticizes US Dollar Policy appeared first on CoinCentral.

• OKX has defended its aggressive compliance procedures following complaints about strict identity verification requirements.
• The exchange uses both internal behavior models and third-party databases to detect potential high-risk accounts.
• Users flagged for risk may need to submit documents including proof of address, employment history, and fund sources.
• CEO Star Xu stated that regulatory obligations require the platform to implement strict measures across all jurisdictions.
• The platform can freeze assets and suspend accounts if links to sanctions or criminal activity are detected.

Crypto exchange OKX has justified its aggressive compliance approach amid rising complaints about account restrictions and identity verification demands. CEO Star Xu addressed growing criticism, stating that strict verification is necessary to fulfill global regulatory obligations. The company’s enforcement efforts target criminal activities but have also flagged ordinary users through complex automated systems.

OKX Strengthens Internal and External Compliance Frameworks

OKX has deployed more than 600 employees to manage its compliance and risk control processes across all operating jurisdictions. These staff members monitor activities to prevent crimes, including money laundering, terrorist financing, drug trafficking, and market manipulation. The exchange utilizes internal behavior models and external databases to detect high-risk accounts.

Risk triggers include using VPNs from blocked locations, anonymous browsers like Tor, and links to sanctioned nations or officials. Once flagged, users may be asked for extensive documents such as proof of residency, employment history, and income sources. According to Xu, these requests apply even to users with no history of suspicious activity.

The platform follows an “aggressive identification” method supported by both internal policies and external regulatory expectations. OKX claims that false positives are a known consequence of rigorous compliance enforcement. However, they assert that a conservative screening method helps avoid penalties and protects broader user integrity.

Users Face Verification Measures Amid Global Scrutiny

Xu confirmed that flagged users may be required to provide additional documentation regardless of their transaction volume or geographic origin. These may include source of funds records, residential proof, and historical employment verification. OKX does not guarantee account functionality during pending reviews.

Verification demands increase in frequency if automated tools identify geographic or behavioral risks during routine checks. Xu maintained that legal obligations require complete account freezes for activities linked to terrorism or sanctioned entities. He added that accurate submission of requested documents typically leads to issue resolution for compliant users.

The platform applies universal verification rules to maintain a consistent risk posture across all regions it serves. Compliance systems automatically scan transactions and identities against global watchlists in real-time. The exchange’s data protection team ensures strict access controls to user-submitted materials and limits employee access.

OKX Implements Zero-Tolerance Policies for Internal Misconduct

Internally, OKX enforces a zero-tolerance stance on employee violations like insider trading or preferential treatment of clients. Xu explained that regulatory compliance begins with employee accountability before extending to external user monitoring. Staff activities are tracked, and any breach results in disciplinary action or termination.

亲爱的用户：

对于由此带来的不便，我们深感歉意。我们认识到在合规风控与运营执行过程中，仍存在误判率较高、信息收集流程体验不佳等问题。OKX团队正在全力以赴优化相关流程，力求尽快改进。… https://t.co/TrWoxHHam0

— Star (@star_okx) July 5, 2025

The company believes that a strong internal compliance foundation supports the accuracy of its external controls. It also ensures that users’ information is handled with privacy and within strict legal frameworks. Xu warned that unauthorized use or leaks of customer data would lead to severe legal consequences.

The post OKX CEO Defends Risk Protocols as Users Protest Strict ID Demands appeared first on CoinCentral.

• A crypto analyst believes a $10,000 XRP price could make the XRP Ledger financially inaccessible to regular users.
• The concern centers on the XRP Ledger’s reserve requirements which increase in real cost as XRP’s value rises.
• At $10,000 per XRP, opening a wallet could cost $10,000 while holding a single token could cost $2,000.
• XRP supporters argue that fees remain low because the ledger operates in drops and not in dollar amounts.
• The network’s reserve requirements can be changed through governance to maintain affordability as market conditions shift.

Growing predictions of a $10,000 XRP price have sparked fresh concerns about the long-term accessibility of the XRP Ledger. While the token’s surge could boost market cap and liquidity, critics argue it may conflict with the network’s original mission. As the price climbs, debate intensifies over whether the ledger can remain user-friendly or become financially out of reach.

Pundit Highlights Risk to Everyday Users as XRP Rises

A known blockchain analyst raised concerns that a $10,000 XRP price would create barriers for typical users on the XRP Ledger. He emphasized that even simple actions like creating a wallet or holding tokens would become extremely costly. This shift could undermine the ledger’s aim of offering low-cost and fast financial access.

If 1 XRP = $10,000…
Wouldn’t that defeat the very purpose of the XRP Ledger?

It was built for liquidity, speed, and low-cost access.

Not to become a gated elite chain where it costs $100K just to open a wallet.

Just a thought. #XRP

— Stellar Expert (@StellarExpert) June 29, 2025

The concern stems from the base reserve requirement, which users must hold to interact with the ledger. This reserve is set in XRP units, not dollars, so price increases raise actual costs significantly. For example, a 1 XRP wallet activation becomes $10,000 if XRP reaches that valuation.

The trustline reserve, currently set at 0.2 XRP, would jump to $2,000 per token held if the price climbs. Critics argue this would create a network usable only by institutions and whales. In that scenario, small developers and ordinary users might get priced out entirely.

Network Fundamentals Could Offset Rising Costs

On the other hand, XRP advocates argue that such fears miss key details about how the network functions. They point out that the ledger operates in “drops,” allowing very small denominations for fees and internal calculations. These supporters maintain that rising token prices would not significantly affect transaction costs.

Supporters also highlight that network reserves are adjustable via governance mechanisms built into the XRP Ledger itself. This flexibility allows the community to lower reserve requirements if the price increases substantially. As a result, fees and reserves can be rebalanced to maintain accessibility.

Because of the system’s structure, the ledger’s core transaction fees remain near-zero, regardless of market value. Transactions cost only a few drops, meaning actual fees stay under one cent. Thus, they say XRP can remain efficient and cheap, even at a five-figure price point.

XRPL Utility Depends on Governance Flexibility

Governance updates already reduced the account reserve from 10 XRP to 1 XRP by late 2024. These changes reflect ongoing community efforts to ensure the ledger stays affordable for all users. Supporters suggest that similar adjustments continue if price growth demands further tweaks.

This ability to adapt is central to the argument that rising prices do not necessarily break the system. As the community votes on proposals, technical constraints can evolve to fit new market realities. Therefore, proponents believe that accessibility is not permanently tied to XRP’s dollar value.

The discussion continues as predictions grow more aggressive and market enthusiasm spreads. However, both sides agree that maintaining utility is crucial for the ledger’s long-term success. Whether through price moderation or governance updates, the outcome could shape the XRPL’s future direction.

The post XRPL May Become Elitist If XRP Hits $10,000, Pundit Cautions appeared first on CoinCentral.

• European regulators are pushing for the creation of a Euro Coin to reduce reliance on USD-backed stablecoins.
• Nearly all stablecoin activity in Europe is currently based on the US dollar, despite rising regional usage.
• The European Central Bank warns that dollar stablecoins could weaken eurozone monetary policy and financial sovereignty.
• The Markets in Crypto-Assets regulation introduces strict rules for stablecoin issuers to ensure transparency and stability.
• Policymakers are debating whether a public digital euro or private euro-backed stablecoins should lead the market.

European regulators are increasing pressure to accelerate euro-denominated digital assets as USD-backed stablecoins dominate the regional market. Rising usage of stablecoins across Europe has created policy challenges tied to monetary control and financial stability. Officials stress the need to act swiftly to defend the euro’s role in the digital economy.

USD-Backed Stablecoins Increase Policy Risks in Europe

Most stablecoin activity in the European Union continues to rely on the US dollar, raising serious strategic concerns among central banks. Although overall usage in the region is growing, almost all transactions are still linked to dollar-based stablecoins. This dependency threatens the autonomy of the European Central Bank in steering monetary policy.

Regulators point to the risk of digital dollarization, which could increase vulnerability to external financial shocks and weaken eurozone influence. The European Parliament highlights that if USD-backed stablecoins become embedded in commerce, ECB policies may lose effectiveness. This could erode monetary sovereignty and widen Europe’s exposure to non-EU financial systems.

Authorities note that eurozone control over its payment system remains crucial, particularly in a time of evolving digital infrastructure. Policymakers emphasize that reliance on foreign stablecoins could disrupt the balance of domestic savings and economic governance. Therefore, the need for a Euro Coin is being treated as a strategic priority.

MiCA Regulation Targets Stablecoin Issuers and Market Stability

In response, the EU introduced the Markets in Crypto-Assets (MiCA) regulation to create consistent rules for stablecoin operations across member states. MiCA mandates reserve requirements, governance standards, and transparency obligations for all stablecoin issuers operating within the European Economic Area. The framework aims to support financial innovation while preserving regulatory oversight.

While MiCA does not ban dollar stablecoins, it encourages euro-denominated alternatives by setting strict compliance pathways and capital controls. These measures seek to lower systemic risks and protect euro-centric monetary functions from erosion due to external currency dominance. It also addresses the cross-border fragmentation that previously allowed regulatory gaps.

Startups have expressed concern about increased costs under MiCA, but EU officials argue the rules improve market clarity and investor confidence. By supporting the rise of a Euro Coin, MiCA strengthens local control and ensures a unified digital policy landscape. Market participants now face clearer obligations regardless of the country of operation.

Public Euro Coin or Private Solutions

As the debate grows, European policymakers are considering both public and private solutions to support euro-denominated digital assets. The European Central Bank is developing a digital euro, but discussions continue over its role versus private Euro Coin issuers. Officials are weighing the impact of centralization against competition-driven innovation.

Proponents of a public Euro Coin argue it would enhance eurozone independence and reduce reliance on dollar-based settlement systems. Others believe well-regulated private stablecoins can meet demand without replacing national currency mechanisms. The future may involve both models coexisting under a harmonized supervisory regime.

For now, the ECB and regulators maintain that a Euro Coin is essential to ensure monetary sovereignty and digital resilience. With usage of USD-backed stablecoins still expanding, the urgency to establish a reliable Euro Coin option remains a central focus of EU financial strategy.

The post EU Pushes for Euro Coin as US Stablecoins Dominate Regional Markets appeared first on CoinCentral.

• Elon Musk announced the launch of a new political group called the America Party
• The announcement followed a Twitter poll showing strong public support for a new party
• Musk criticized both major parties for failing to serve the public and promote democracy
• He said Americans need better representation and more political choices
• The America Party has no candidates or policy details yet

Elon Musk announced the formation of a new political party, the “America Party,” amid growing dissatisfaction with traditional politics. He revealed the decision following a Twitter poll showing strong support for an alternative option. The announcement quickly gained national attention, setting the stage for fresh political discussions.

Elon Musk Targets Two-Party System With Bold Move

Elon Musk criticized the current political framework, accusing both major parties of working against public interest. He claimed that the political system no longer represents democratic values but instead promotes waste and corruption. As a result, he positioned the America Party as a new choice for frustrated citizens.

By a factor of 2 to 1, you want a new political party and you shall have it!

When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.

Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN

— Elon Musk (@elonmusk) July 5, 2025

He said Americans want real change, not recycled leadership from both parties that act the same. The announcement came after the Republican Party proposed a $5 trillion debt ceiling hike. That move likely contributed to Musk’s public stance against existing party leadership.

Musk suggested that people deserve better representation, fewer restrictions, and a platform that aligns with their interests. He called the present structure flawed and said the America Party would support transparency and reform. While Musk often comments on politics, this marks his first official political initiative.

Public Response and Early Challenges Ahead

Public reactions to the announcement varied. Some users supported the move, while others raised concerns about another wealthy figure in politics. Despite mixed feedback, Elon Musk’s message reached millions and sparked widespread political conversations. Supporters praised the timing, while critics questioned his intentions and goals.

The America Party does not yet have candidates, a formal policy platform, or a known funding plan. Experts note that building a party requires legal steps and state-level ballot access. Still, Musk’s influence and resources could give him an advantage in overcoming those barriers.

Observers believe his decision may influence political dynamics as the next election approaches. His involvement might pressure established parties to address long-ignored public concerns. Though challenges remain, the announcement has already shifted public focus toward political reform.

Political Timing and Strategic Messaging

Musk made the announcement close to July 4, linking it to themes of independence and democratic renewal. He described the new party as a tool to help Americans reclaim political voice and power. The timing helped him frame the launch within the broader conversation on national values.

Elon Musk continues using Twitter to drive political discourse and mobilize support. His previous criticisms of government policies created momentum for this announcement. Now, with the America Party, Musk takes a direct role in shaping future debates.

The post Elon Musk Launches ‘America Party’ to Challenge U.S. Political Norms appeared first on CoinCentral.

• The U.S. House of Representatives will review two major crypto regulations from July 14 to 18.
• The Clarity Act aims to define legal operations for investors, brokers, and entrepreneurs in digital asset markets.
• The GENIUS Act focuses on regulating dollar-backed payment tokens, including stablecoin issuance and oversight.
• Congressman French Hill confirmed the legislation is ready after months of work by the Financial Services Committee.
• Lawmakers intend to reduce regulatory confusion and provide a clear structure for blockchain-based innovation.

Two major crypto regulations are scheduled to reach the U.S. House floor between July 14 and July 18. Lawmakers will consider the Clarity Act and the GENIUS Act, aiming to create structured legal frameworks for digital assets. The legislative push responds to growing concerns over regulatory uncertainty and innovation gaps in the crypto space.

Clarity Act Targets Legal Framework for Digital Assets

The Clarity Act proposes clear definitions for how brokers, developers, and investors can operate within U.S. digital asset markets. Lawmakers have emphasized the need for legal standards in response to confusion over what constitutes a security. The bill will provide operational clarity for individuals and businesses active in blockchain and crypto-related services.

With no comprehensive crypto regulations in place, many firms face risk from undefined legal boundaries. This bill seeks to eliminate legal grey areas by setting rules that align with financial service requirements. It will also establish reporting guidelines and compliance expectations for entities operating in the sector.

The legislation covers market structure, asset classification, and regulatory oversight responsibilities among agencies. These measures aim to streamline federal coordination and prevent inconsistent enforcement. The proposed rules will also assist in protecting consumers from unintended violations of financial law.

Stablecoin Oversight Advances Through GENIUS Act

The GENIUS Act addresses dollar-backed payment tokens, including how stablecoins should be issued, governed, and supervised. Unlike other asset classes, stablecoins lack a central regulatory structure at the federal level. The new bill proposes oversight protocols to ensure transparency and safety in their use.

This legislation introduces requirements for issuers to maintain reserves and disclose financial practices. The goal is to establish trust in payment systems that rely on blockchain infrastructure. By doing so, the act supports a safer environment for transactions and settlements involving digital tokens.

🚨BREAKING: French Hill says: “In two weeks, we'll bring the CLARITY Act and GENIUS Act to the House Floor, which give rules of the road for digital assets and dollar-backed payment stablecoins.”$RLUSD 🤝 #XRP pic.twitter.com/V5qQMtVckH

— JackTheRippler ©️ (@RippleXrpie) July 5, 2025

Regulators expect these crypto regulations to strengthen U.S. leadership in global digital finance. With rising competition from other nations, a defined framework ensures American innovation remains competitive. The act also prioritizes consumer protection and legal compliance in the stablecoin ecosystem.

House Prepares Vote on Crypto Regulation

The House will debate both crypto regulations during a designated crypto-focused legislative week starting July 14. In addition to these bills, the House will review the Anti-CBDC Surveillance State Act. Together, these measures represent the most extensive U.S. crypto policy effort to date.

Congressman French Hill confirmed that the financial services committee has finalized both bills after extensive discussions. Lawmakers intend to establish a strong legal foundation for blockchain-based finance.

The post Major Crypto Regulation Set for House Floor Vote This July 14–18 appeared first on CoinCentral.

• Robert Kiyosaki said he hopes Bitcoin crashes so he can buy more at a lower price.
• He believes warnings about a crash are meant to scare short-term investors.
• Kiyosaki remains confident in Bitcoin as a long-term hedge against inflation.
• He stated that he plans to increase his Bitcoin holdings during any major dip.
• Kiyosaki expects Bitcoin to reach one million dollars within the next decade.

Robert Kiyosaki has addressed current market fears with a surprising stance as Bitcoin’s price faces renewed pressure. Rather than show concern, the financial author said he is ready to increase his Bitcoin holdings if the price drops further. His statement aligns with his belief in Bitcoin as a long-term store of value, not a short-term trade.

Bitcoin’s recent price movement has sparked another round of speculation about a possible crash. However, Robert Kiyosaki remains firm in his position and views the downturn as an opportunity. He expects a market dip to allow him to acquire more Bitcoin at lower prices, which fits his overall investment strategy.

Kiyosaki shared his position in a recent post on X, where he criticized those who warn of a Bitcoin crash. He stated that such predictions aim to influence short-term holders rather than those with a long-term view. According to him, many of the warnings circulating are meant to drive fear and reduce participation.

CLICK BAIT Losers keeps warning of a Bitcoin crash. They want to frighten off the speculators. I hope Bitcoin crashes. I will only buy more.

Take care.

— Robert Kiyosaki (@theRealKiyosaki) July 5, 2025

Robert Kiyosaki Sees Crash as a Buying Opportunity

Robert Kiyosaki wants Bitcoin’s price to crash so he can buy more before it rises again. He emphasized that the warnings of a crash serve short-term narratives, not long-term analysis. While others pull back, Kiyosaki remains prepared to act if prices drop further.

BTC slipped 1.6% within 24 hours recently, moving from $110,000 to $108,280. Yet, this price shift did not change Kiyosaki’s confidence in the asset’s future value. He maintained that lower prices would allow him to increase his portfolio, not reduce exposure.

Robert Kiyosaki bought his first Bitcoin later than many investors, which he has openly acknowledged. Despite entering the market late, he has become one of Bitcoin’s vocal supporters over time. His investment plans remain unchanged, even when prices fluctuate sharply in the short term.

Long-Term Vision Aligns With Inflation Concerns

Robert Kiyosaki continues to cite inflation and fiat currency devaluation as core reasons behind his support for Bitcoin. He believes central bank policies contribute to a steady loss in the dollar’s purchasing power, which, he argues, validates his position on Bitcoin as a hedge against inflation.

His long-term forecast projects Bitcoin reaching $1 million in the next decade, though he said this target may be conservative. Kiyosaki also referenced Michael Saylor’s more aggressive estimates of $13 million to $21 million. These views reflect a growing belief in Bitcoin’s scarcity-driven future value.

Kiyosaki criticizes continuous money printing and emphasizes Bitcoin’s limited supply of 21 million coins. He warns that traditional currencies may lose further value due to ongoing economic interventions. Based on this outlook, he remains committed to accumulating more Bitcoin during market downturns.

The post Robert Kiyosaki Says He Hopes Bitcoin Crashes to Buy More Cheap appeared first on CoinCentral.