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📰 News

🏛 XRP ETF Still in Play- SEC Commissioner Debunks Rejection Speculations

XRP ETF Not Off the Table — SEC’s Hester Peirce Breaks the Silence

In a recent interview on The David Lin Report, SEC Commissioner Hester Peirce addressed growing frustration around ETF delays — especially for the long-awaited XRP and Litecoin ETFs.

“We’re a bureaucracy,” Peirce admitted, candidly acknowledging that the SEC’s slow-moving structure is “a process that frustrates people.” But she made one thing very clear: “Delays do NOT mean denial.”

🔍 Key Highlights:

• The SEC has received a flood of ETF applications, including XRP and LTC.

• Peirce emphasized the need for due process, citing the Bitcoin ETF saga as a painful example of regulatory inefficiency.

• She signaled a push for clearer, more predictable standards to help avoid repeat delays and confusion.

• Crucially, new crypto ETF listings have not been ruled out — the door remains open.

Bottom Line: While investors are right to be impatient, hope is far from lost. Regulatory green lights may just take longer—but they’re still in play.

📜 French Hill Claims House Now Has Bipartisan Support To Pass GENIUS Act

GENIUS Act Back on Track with Bipartisan Support, Says Rep. French Hill

In a pivotal turn during Crypto Week, Rep. French Hill has confirmed that all three major crypto bills — the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act — now have strong bipartisan backing in the House.

🎙 In a CNBC interview, Hill confidently stated:

“We do have the votes to advance the Senate’s GENIUS Act, which will create the first federally regulated dollar-backed stablecoins.”

This comes just 24 hours after the GENIUS Act suffered a setback due to a failed procedural vote, as some Republicans raised concerns about a potential backdoor for a U.S. CBDC.

🛡 But the momentum has shifted—thanks to a critical Oval Office meeting between Donald Trump and 11 Republican House members. Post-meeting, Trump announced renewed support from previously opposing lawmakers, effectively reviving the GENIUS Act.

🗣 Meanwhile, Senator Tim Scott clarified on FOX News that the bill does not expand the Federal Reserve’s authority to issue a CBDC, helping ease lingering fears.

💬 What’s Next? The Speaker of the House is preparing to present the bills for reconsideration—setting up a potential legislative win for crypto in the coming days.

✅ If passed, this would mark a historic breakthrough in U.S. crypto regulation—especially for stablecoins and digital asset innovation.

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📊 Markets

📢 Crypto Market Extends Gains As U.S. PPI Inflation Drops To 2.3%

Crypto Market Surges as U.S. PPI Inflation Falls Below Expectations

The crypto market is back in the spotlight today, rallying on the heels of better-than-expected U.S. PPI inflation data — a bullish signal for risk assets.

📊 Market Snapshot:

• 🔺 Total Crypto Market Cap: Up 2%, now at ~$3.75 Trillion

• 🟠 Bitcoin: Soars to $119,000, leading the charge

• 🔵 Ethereum: Inches closer to the key $3,200 mark

• ⚡️ XRP, Solana, Dogecoin: Up 2%, 3.57%, and 3.66% in the last 24 hours

🔍 What’s Driving the Rally?

• PPI Inflation (YoY): Dropped to 2.3% (vs. 2.5% expected)

• PPI Inflation (MoM): Flat at 0.0% (vs. 0.2% expected)

• Core PPI (YoY): Fell to 2.6% (vs. 2.7% expected)

• Core PPI (MoM): Also at 0.0%

These softer-than-expected inflation numbers ease pressure on the Fed and increase the likelihood of a rate cut — a scenario that could inject liquidity into markets and accelerate crypto gains

Even as CPI inflation ticked up to 2.7% in June (its highest since Feb 2025), today’s PPI reading offers reassurance that inflation is not spiraling.

🔮 Bitcoin Price Prediction- Analyst Calls for $150k Next if House Passes GENIUS Act Today

Bitcoin to $150K? Crypto Analyst Says GENIUS Act Could Be the Catalyst

As Crypto Week intensifies, market optimism is soaring with speculation that the GENIUS Act could be the next big catalyst for Bitcoin’s price surge.

In a post on X, popular crypto analyst Crypto Rover predicted that Bitcoin could soar past $150,000 if the House passes the GENIUS Act today. He draws parallels with past breakout moments—like Donald Trump’s election win and the passage of the Big Beautiful Bill—which historically fueled BTC rallies.

🔍 Why It Matters:

• The GENIUS Act introduces a regulated framework for stablecoins, requiring full fiat-backed reserves, audits, and transparency.

• It’s viewed as a crucial step toward legitimizing digital assets within the U.S. financial system.

• Passage of the Act could unleash institutional capital and remove long-standing regulatory uncertainty.

• 🏛 Backing this momentum, Trump confirmed that 11 of the 12 House members who initially opposed the bill have now pledged support—dramatically increasing its chances of passing today.

📢 Big Names, Bigger Targets:

• BlackRock: Bitcoin to $700,000 long-term

• Ark Invest: BTC to $2.4 million

• Bernstein & TD Cowen: Reaffirm bullish forecasts this week