IT'S STAGED! 🇺🇸 Treasury Secretary Scott Bessent Reveals Crypto's Next Move (Solana & XRP News)

Market Trends & Regulatory Landscape - Treasury Secretary Scott Bessant expects markets to go higher with crypto playing a key role, and stable coins could reinforce dollar supremacy [1] - SEC set a July deadline for Solana ETF refilings, potentially clearing the path for approval before the final October 10th deadline [3][4] - SEC is accelerating the approval process for Solana ETFs, possibly due to the recent approval of the Rex Osprey Solana staking ETF [5] Cryptocurrency Dynamics - Solana applications (DAPs) continue to outperform all L1 and L2 chain DAPs in weekly revenue since September 2024 [7] - Cardano is in contact with Circle and Tether regarding stablecoin integration [8][9] - XRP volume surged, with $1.49 billion in volume on Upbit (Korean exchange) [16][18] Company & Foundation Strategy - The Cardano Foundation refused to pay $3 million to have Circle integrate with Cardano back in 2021 [10] - Circle and Tether consider TVL and DeFi ecosystem maturity when deciding on stablecoin integrations [11][12] - Ripple filed for a bank charter to offer banking-type services [16] Government & Policy - Ripple CEO Brad Garlinghouse will testify before the Senate regarding constructive crypto market legislation [17] - Major governments, including the United States, are actively accumulating hard assets like Bitcoin [20] Ethereum Development - Vitalik Buterin proposed a 16.7 million gas cap on Ethereum to reduce transaction bloat and compete with Solana and Cardano in scalability [20][21]