Crypto Industry

On July 16, 2025, the U.S. House of Representatives delayed critical cryptocurrency legislation due to internal Republican disagreements. Despite a key stablecoin framework bill poised for presidential approval, broader crypto legislative progress remains stalled amid debates on digital currency proposals.

With Donald Trump's growing lead in the presidential race, the cryptocurrency community anticipates a more favorable regulatory environment from the SEC and Senate Banking Committee, potentially driving positive changes for the industry.

The US has created a Strategic Bitcoin Reserve funded by forfeited treasury bitcoins, including multiple cryptocurrencies like Bitcoin, Solana, and Ethereum, to position itself as the 'Crypto Capital of the World' and foster industry growth.

Coinbase appoints David Plouffe to its global advisory council, aiming to enhance political influence as U.S. crypto regulations rapidly evolve. With ongoing legislative efforts on stablecoins and market reforms, Plouffe's expertise supports Coinbase's navigation in the changing landscape.

The SEC is working on establishing clear guidelines for crypto tokens labeled as securities, promoting lawful operations while deterring misconduct. This initiative signals a shift towards a pro-crypto regulatory environment, especially in light of recent changes in leadership.