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Cointelegraph·2025-07-16 03:00

Regulatory & Political Landscape - Trump met with representatives regarding the GENIUS Act, securing agreement for stablecoin legislation [1] - US House procedural vote for three crypto bills failed [4] - DOJ and CFTC dropped investigations into Polymarket [5] - Ripple plans to seek a MiCA license for EU crypto and stablecoin expansion [6] Market & Investment Activity - Cantor Fitzgerald is nearing a $4 billion SPAC deal with Adam Back to buy between $3 billion and $4 billion worth of Bitcoin [2] - SharpLink acquired 74,656 ETH for $213 million, becoming the largest corporate Ethereum holder [8] - NYSE Arca approves ProShares Ultra XRP ETF $UXRP [10] Economic Commentary - Trump urges Fed to cut rates by 3 percentage points, claiming it would save $1 trillion a year [7] - Gamestop CEO Ryan Cohen calls $BTC a "hedge against inflation and global money printing" [9] Leadership Transition - US Treasury Secretary confirms the process to pick Fed Chair Powell's successor is already underway [3]

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