Ripple Swell 2025 Event Highlights - Ripple Swell 2025 is anticipated to be a significant event, featuring key speakers and discussions relevant to the evolution of the financial system [1][4] - The CEO of NASDAQ will be a keynote speaker, addressing the future of finance, digital assets, blockchain, tokenization, and emerging technologies [4] - BlackRock's director of digital assets will participate, focusing on crypto assets, stablecoins, and tokenized assets [6][7] - Featured speakers include representatives from Franklin Templeton, City, and BNY, with participation from firms like Fidelity, DBS Bank, and CME Group [8][9] - Session topics will cover a wide range of subjects, including regulatory progress, payments, crypto and financial services, and industry trends [10][11] Crypto ETF Developments - The SEC is releasing listing standards for crypto ETFs, potentially approving ETFs for coins with over six months of futures trading on Coinbase derivatives [13] - XRP is likely to be included in the first wave of altcoin ETFs, expected in September or October [14][19] - There are approximately 18 different XRP ETFs awaiting SEC approval [21] - BlackRock is speculated to launch both XRP and Solana ETFs, given their leadership in Bitcoin and Ethereum ETFs [22] XRP Market Dynamics - XRP holders are reportedly the most valuable on Coinbase, generating more trading revenue than Ethereum or Solana [23] - Hyperscale data experienced a 12% jump in their stock due to their XRP accumulation plan [26] - Various companies are investing in XRP reserves, including a $500 million reserve and staking with Trident, a $300 million investment by Weeus, and a $100 million investment by Vivo [27] - Ripple aims for the XRP ledger to be a dominant force in institutional DeFi and tokenization initiatives [28][29]

Tokenized Assets & Securities - Tokenized assets are similar to ETFs, representing a basket of securities, requiring rules for disclosure and issuance to accommodate tokenization's special features [2] - The industry emphasizes the need for a level playing field and certainty in navigating tokenized securities [2] - The industry anticipates markets will adapt to blockchain trading, ensuring investors get the best price with transparent valuation [3][4] - The industry forsees new forms of securities meshing with existing rules to accommodate open and public pricing [4] - The industry acknowledges the potential for all securities to be tokenized [5] Regulatory Adaptation & Innovation - The SEC is helping the industry adapt rules for immobilizing securities and book entry, similar to the creation of the Depository Trust and Trading Corporation (DTCC) [7] - The SEC aims to accommodate technological development and innovation, avoiding impediments [8] - The SEC is re-evaluating the Howie test's applicability to digital assets, considering new rules that comply with the law and address the current situation [10][12] - The SEC will consider revoking archaic laws that stifle innovation and entrepreneurship, particularly those not applicable to digital-oriented companies [13][14] - The SEC is working to ensure that declaration forms accommodate the unique aspects of new products, clarifying their purpose and innovation [15] ETF Deliberation - The SEC's postponement of the Truth Social Bitcoin ETF decision is part of the normal internal deliberation process [16] - The SEC cautions that a temporary pause does not necessarily indicate the ultimate outcome for the ETF [16]

Regulatory Landscape - Digital asset industry is approaching regulatory clarity, providing the legal framework it has sought [1] - The arrival of regulatory clarity may primarily benefit existing crypto companies [1] Industry Impact - The opinion is from Prometheum Inc Co-CEO Aaron Kaplan, suggesting a potentially biased perspective on the impact of regulation [1]

Bitcoin's Role as a Store of Value - Bitcoin is demonetizing foreign real estate, private equity, public equity, and other store of value assets globally [1] - 20th-century physical analog assets are transitioning into 21st-century digital assets [1] - Bitcoin is backed by energy and computer power, positioning it as digital capital [4] - Bitcoin serves as a long-term store of value for durations of four to 40 years [5] Corporate Investment Strategies - Companies like Apple and Microsoft would benefit from investing in the S&P index [1] - If the Mag 7 companies could buy each other's securities, they would see improved returns, but SEC regulations prevent this [2] - Companies seeking to create shareholder value should avoid parking assets in fiat currency and instead invest in tangible assets [2] Digital Currency and Stablecoins - The crypto economy is experiencing rapid growth in both digital currency (stablecoins) and digital capital (Bitcoin) [4] - Digital currency (stablecoins) is suitable for short-term medium exchange needs, specifically for periods less than four years [4] - The possibility of stablecoins being backed by Bitcoin remains uncertain [3]

Bitcoin declined for a fifth straight session as traders continue to pull back from the record highs reached in July during the euphoria around the US embrace of digital assets https://t.co/NprI5bTEcV ...

to achieve President Trump's vision of making America the crypto capital of the world. Today, I'm announcing the launch of Project Crypto. Breaking news.The United States SEC, one of the most important regulators globally, officially rolls out Project Crypto to rewrite the rules for digital assets. The future is arriving at full speed, and the world is not waiting. America must do more than just keep pace with the digital asset revolution.We must drive it. So, if you hold crypto, this affects you in a big w ...

Crypto & Political Funding - Crypto community initially supported Trump, funding his campaign and other GOP races [1] - Trump's family members are involved in crypto ventures, further incentivizing crypto support [1] - Large crypto players like Coinbase and Andre Horowitz have close ties with the Trump administration, seeking favorable legislation [3] - Crypto donations during the campaign were primarily for political influence rather than promoting blockchain technology [12] Tensions & Policy Disagreements - Tensions arose before the Genius Act, with disagreements on merging it with a broader market structure bill [4] - The conflict was less about crypto policy and more about aligning with the White House's approach [4] - The Trump administration has low tolerance for bipartisanship, expecting crypto firms to align with their agenda [8] - Crypto firms are learning they will face pressure from the party in power and must navigate Washington's complexities [8][10] Potential Economic Impact - A breakdown in the relationship could impact funding for midterm elections and down-ballot House candidates [5] - Donor fatigue among crypto newcomers could affect future political cycles [6] - The market structure bill presents a significant financial opportunity, potentially mitigating a complete departure from the Republican party [6] - Legislation could boost the price of cryptocurrencies, allowing larger holders to sell their holdings [12][13]

Market Trends & Regulatory Landscape - Bitcoin initially slid but crossed back above $118,000, while Ether traded at $3,786 and Solana fell nearly 1% to $177 [2] - JP Morgan Chase CEO Jamie Diamond expressed support for stable coins and blockchain technology, despite skepticism towards Bitcoin [5][6] - The White House released a crypto policy framework signaling increasing government support for responsible crypto innovation [8] - The White House crypto report emphasizes the importance of digital assets for US economic competitiveness and global leadership, urging agencies and Congress to act quickly [9][10] - The report highlights the need for clear regulatory frameworks for digital assets, similar to those in the EU, UK, Japan, and Singapore [10] - The Genius Act marks a watershed moment for stable coins and digital payments, encouraging continued adoption and reinforcing the strength of the global dollar system [13][14] Company Performance & Strategy - Robin Hood reported $989 million in revenue, exceeding the $98 million expected, and earnings per share of 42 cents compared to the 31 cents expected, but crypto trading revenue missed estimates at $160 million versus $168 million expected [3] - Robin Hood's CEO Vlad Tennv believes crypto trading will become the infrastructure layer behind real-world assets [4] - JP Morgan Chase partnered with Coinbase to link Chase customer accounts to Coinbase wallets [5] Regulatory Recommendations - The White House crypto report recommends specifying actors within the decentralized finance (DeFi) ecosystem that should have obligations tied to anti-money laundering (AML) and combating the financing of terrorism [15] - The report suggests different regulatory obligations for base layer protocols versus DeFi front-end interfaces [17] - The report recommends Congress give the CFTC spot market authority over digital commodities like Bitcoin and Ether [24]

Crypto Market & US Government Stance - The US government is positioning itself to be a leader in the digital asset market, viewing crypto and blockchain technology as revolutionary for America's financial system [8][9][19] - The White House released a report providing a roadmap to make the US the crypto capital of the world, signaling a green light for digital assets and crypto [9][19] - The administration aims to modernize the US financial system using technologies like blockchain and DLT, targeting inefficiencies costing taxpayers over $657 million per year [3][4][5] - The President's Working Group on Digital Asset Markets released recommendations to strengthen American leadership in digital financial technology [15][16][17] Regulatory & Legislative Actions - Congress is urged to enact legislation that eliminates existing gaps in regulatory oversight, embraces DeFi technology, and recognizes the potential of integrating such technology into mainstream finance [20] - The SEC and CFTC should use their existing authorities to immediately enable the trading of digital assets at the federal level by providing clarity to market participants [20] - Modernizing bank regulation for digital assets includes clarifying permissible bank activities, custody tokenization, stablecoin issuance, and the use of blockchains [21] - Treasury and the IRS are expected to reduce burdens on taxpayers by publishing guidance on topics related to digital asset transactions [26] Market Potential & Future Growth - The crypto market has the potential to grow significantly, with projections suggesting it could increase by 10 to 100 times its current size, potentially reaching a market cap of $4 trillion to $400 trillion [11] - Tokenized assets are predicted to reach tens of trillions of dollars, indicating that crypto will become a crucial piece of the global financial system [7] - Real estate and equities markets, with values of $300 trillion and $100 trillion respectively, represent significant opportunities for tokenization [12] - The DTCC settles almost $4 quadrillion per year, indicating the potential for on-chain settlement to grow substantially [13]

$BTC, $ETH and $XRP reversed overnight losses as analysts said the growing threat to the Federal Reserve's independence is strengthening the long-term bullish case for digital assets. by @godbole17.https://t.co/4rTB2oVWHI ...