Ripple and SEC reach settlement, XRP surges as multiple factors including the Trump administration's monetary policy boost the market.

robot
Abstract generation in progress

## Cryptocurrency Market Status

In the cryptocurrency (coin) market, Bitcoin (BTC) is at +1.76% compared to the previous day at 1BTC=116,920 dollars.

BTC/USD daily chart

Multiple favorable factors have pushed up the cryptocurrency market.

As the first important material, it is mentioned that President Trump signed a comprehensive executive order prohibiting the denial of banking services for political reasons.

The order titled "Guaranteeing Fair Banking for All Americans" instructs federal banking regulators to eliminate guidelines and practices that promote the "abolition of political or illegal banking practices." This is likely to lead to a fundamental resolution of the access restrictions to banking services that the cryptocurrency industry has faced.

At the same time, President Trump signed an executive order on "democratizing access to alternative assets for investors, including digital assets," creating an environment where over 90 million U.S. private sector workers can invest in alternative assets. This marks a groundbreaking regulatory change that opens investment opportunities previously available only to government officials and some institutional investors to the private sector.

This policy shift will lead asset management companies to reassess their positions, making the influx of millions of dollars into Bitcoin-holding exchange-traded funds (ETFs) and the expansion of direct trading in cryptocurrencies more likely. With the removal of traditional regulatory constraints, a significant market entry by institutional investors is anticipated.

The second point is that President Trump nominated Stephen Milan, known as a Bitcoin supporter, to the Board of Governors of the Federal Reserve. Milan currently serves as the chairman of the Council of Economic Advisers and is also known as a Bitcoin supporter.

The derivatives director of Amberdata analyzes that traders interpret Mr. Milan's appointment as a shift towards easing policies by the Federal Reserve. "He is expected to be dovish, which is what Mr. Trump hopes for," the view is spreading in the market.

Furthermore, the nearly five-year lawsuit between Ripple Labs, the issuer of XRP, and the U.S. SEC (Securities and Exchange Commission) is expected to be heading toward a complete resolution. Ripple's CEO Brad Garlinghouse announced on June 28 that he would withdraw the appeal, and the SEC is also expected to withdraw its appeal.

As a result, the price of XRP surged by 10% compared to the previous day.

Ultimately, Ripple Labs will settle by paying $50 million of the $125 million fine to the SEC, with the remaining $75 million being returned. In a 2023 district court ruling, it was established that sales of XRP to general investors do not constitute securities, and XRP has established a legal status of "not a security" in the circulating market, excluding institutional investors.

This resolution has established an important precedent for the clarification of regulations for the entire cryptocurrency industry, and it is expected to serve as a catalyst for the entry of institutional investors.

XRP News & Price

XRP icon

Thorough explanation of investment merits and risks

a.t3-set { text-decoration: none !important; }

You can find the list of market reports published in the past here.

[Job Offer] At CoinPost, we are currently recruiting full-time employees and external contractors due to business expansion. (Full-time employment opportunities available)

・Editorial Department: SEO Manager, UI Designer ・WebX: Organizer, coin interpreter part-time ・New Business Development: Student Intern Many others. We look forward to your application!

■Details

— CoinPost (crypto media) (@coin_post) July 23, 2025

With this partnership with CoinPost, a special page on cryptocurrency has been published on Yahoo! Finance!

Utilizing the insights of the Web3 market accumulated by CoinPost since 2017, we provide easy-to-understand explanations for beginners. We deliver valuable cryptocurrency information through Yahoo! Finance, which is familiar to a large number of users. … pic.twitter.com/H1nNlE63SB

— CoinPost (crypto media) (@coin_post) July 1, 2025

BTC-2.48%
XRP-3.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)