JUST IN: 🇺🇸 Coinbase CEO Brian Armstrong says, “There is strong bipartisan support to get this market structure legislation done.” https://t.co/Z8PI1OXDJc ...

After joining industry leaders at the @federalreserve, today @SergeyNazarov met back-to-back with key Senate Democrats and Republicans on Capitol Hill to advance U.S. market structure legislation for digital assets.Across the meetings, Sergey’s message was consistent: blockchain technology’s built-in transparency and auditability can make financial systems more secure while strengthening consumer protections.The dialogue centered around building compliance frameworks that leverage onchain data and outlining ...

RT Kristin Smith (@KMSmithDC)On the Hill today with @thecolinmclaren, @pmwnyc and @jito_labs's @RebeccaRettig1 for meetings with senators on both sides of the aisle committed to getting market structure legislation right. Looking forward to productive conversations! 🇺🇸 https://t.co/1PRZtHT5lK ...

Adoption of XRP and Ripple's Technology - Many big banks are working with Ripple, but aren't using XRP at scale [1][2][3][4][5] - Ripple's customer list spans over 500 entities, yet XRP's price isn't parabolic [11] - Some banks are using Ripple payments or custody solutions, but the use case value of XRP is limited [2] - DBS Bank is using the XRP ledger for tokenized collateral and stable coins [7][8] - BBVA is using Ripple for custody, which involves tokenization [9][10] Regulatory Landscape - The Ripple SEC case being wrapped up in early August has eased concerns, but doesn't fully unlock XRP adoption [4][12][13] - Crypto's unregulated status is a major obstacle to XRP adoption at scale [14][19][26] - Market structure legislation for digital assets is needed to ensure the US becomes the crypto capital of the world [15][16][27] - The Genius Act, signed into law, led to a massive inflow of players launching their own stable coins [18][19] - The Ethereum and crypto market structure bill is expected to pass by the end of the year [19][20] Future Outlook - Passing the market structure bill will unlock innovation and allow big players to tap into crypto technologies [27][28] - Regulations are the number one reason why big institutional players are waiting on the sidelines [35][36] - Utility-based projects like XRP need crypto clarity and full regulation to be adopted by big banks [25][26]

Market Trend & Prediction - Bitcoin could reach $1 million per coin by 2030, potentially achieving a market value of $25 trillion [1][16][18] - Crypto is poised for a significant bull run due to converging factors [4] - Ethereum's market cap is expected to reach $25 trillion by 2030, with Arc Invest predicting a price of around $200,000 [23] Regulatory Landscape - A bipartisan crypto market structure bill is expected to pass, potentially bringing billions or trillions into Bitcoin, Ethereum, and quality altcoins [5][6] - The Genius Act provided clear rules for crypto stable coins [6] - Market structure legislation aims to resolve outstanding issues regarding the classification of crypto assets like Bitcoin and Ethereum as commodities or securities [8] Technology Convergence - AI and crypto are converging, with AI needing crypto for fair communication and blockchain [1][11][12][13][14][15] - Blockchain's use cases are being massively underestimated, presenting a new age for both crypto and AI [14][15][16] Institutional Adoption - The United States has established a strategic Bitcoin reserve, potentially driving demand as other G20 countries follow suit [19] - Bitcoin ETFs are attracting significant institutional money, with Coinbase powering 80% of the custody for these ETFs [20] Ethereum Ecosystem - Ethereum's Layer 2 network processed 25 million transactions in a single day, with the entire ecosystem reaching nearly 27 million daily transactions [22] - Ethereum holds approximately $120 billion in total value locked in smart contracts and over $100 billion in stable coins [25] - Ethereum is a yield-bearing asset, generating revenue from fees paid by users on-chain, and serves as the primary collateral in DeFi [27][28]

Crypto Regulation & Legislation - The industry anticipates complete crypto regulation by 2025, emphasizing the need for clarity in the crypto space [1] - Market structure legislation is viewed as a key to unlocking the crypto space, potentially leading to enterprise-grade, institutional-grade, and mass retail adoption [1] - The industry highlights the importance of a regulatory framework to foster innovation while protecting investors [1] - The Clarity Act is identified as providing necessary tools for establishing a federal framework for digital asset market structure [1] - The industry expresses confidence that bipartisan legislation will be passed this year, with progress being made on refining language in the market structure draft [5] Industry Collaboration & Concerns - Key players like Ripple, A16Z, Kraken, Coinbase, Multicoin, Paradigm, and Circle are actively involved in refining the language of the market structure bill [6][8] - There is concern about hidden language in crypto bills that could negatively impact areas like DeFi [9] - The industry aims to ensure that innovation thrives and that crypto is not held back by terrible structure around these bills [9] Timeline & Potential Impact - The industry expects market structure legislation to be signed into law between October and November [16] - The passage of market structure legislation is expected to remove obstacles and lead to significant adoption and growth in the crypto space [27] - The industry believes that utility will become a focus after crypto legislation is signed into law [28]

Legislative Progress & Impact - Two separate crypto measures are advancing in Congress, including stablecoin and market structure legislation, with the House committed to passing both before the August recess [2][3] - The simultaneous movement of these two pieces of legislation is considered a pivotal and historic moment for the crypto industry [4] - The legislation aims to provide a regulatory framework for the crypto industry, offering clarity and safeguards that were previously lacking [5][6][8] Regulatory Environment - The industry faced a hostile regulatory environment with enforcement actions despite efforts to comply with regulations [5][7] - The new framework allows the industry to come under regulatory supervision, providing certainty for innovators and safeguards for market participants [8][9] Stablecoin & Dollarization - Stablecoin legislation is crucial for national security, ensuring the U S dollar backs stablecoins [10] - The U S aims to remain the primary location for stablecoin issuers and the preferred currency backing for these coins [10]