White House Unveils Crypto Policy; XRP ETFs Gain Momentum

In a significant move for the cryptocurrency sector, the White House Digital Asset Markets Working Group, led by David Sacks, unveiled its inaugural crypto policy report on July 22, 2025. This report aligns with Executive Order 14178, aiming to establish consumer protections and technology-neutral regulations for digital assets. Key areas addressed include regulatory clarity, fair banking access, and the potential creation of a Strategic Bitcoin Reserve. The working group comprises leaders from 11 federal agencies, excluding traditional banking regulators, marking a shift towards clarity and innovation in the digital assets sector. The establishment of a Strategic Bitcoin Reserve indicates the federal government’s potential entry into the digital asset market, which could prompt increased institutional activity and influence market dynamics for Bitcoin and other major cryptocurrencies. These policy shifts could significantly affect financial markets, potentially increasing risk appetite and capital flows. The administration’s decisions may redefine economic strategies related to digital assets, particularly impacting Bitcoin. The announced end of Operation Chokepoint 2.0 marks a turning point in easing restrictions for crypto entities, which could facilitate improved banking access and influence broader market conditions. Potential financial consequences include enhanced liquidity and market participation, particularly for Bitcoin, due to federal interest. Regulatory clarity could drive technological and investment growth, benefitting both industries and consumers. The report’s release is part of a broader effort by the administration to shape federal policy on cryptocurrencies, including giving all crypto companies equal access to the Federal Reserve’s payment system and potentially creating a strategic Bitcoin reserve. The report’s impact on the market is expected to be substantial, as it will provide much-needed regulatory clarity for digital assets. This clarity is crucial for the growth and stability of the crypto industry, as it will help to mitigate risks and foster innovation. The report’s recommendations are likely to influence market dynamics, particularly for Bitcoin and Ethereum, by providing a clear framework for their regulation and use. The release of the report is also expected to boost investor confidence in the crypto market. With the House of Representatives focusing on digital asset laws during “Crypto Week,” investors are closely watching for any developments that could affect U.S. crypto regulation. The report’s recommendations, along with the House’s focus on crypto laws, are likely to shape the future of digital asset regulation in the U.S. and beyond.

XRP ETFs Gain Momentum

In parallel, the cryptocurrency market is witnessing a surge in XRP-focused Exchange-Traded Funds (ETFs). July 2025 has been particularly eventful for XRP, with multiple ETFs gaining approval and launching, thereby enhancing investor access to this digital asset. Notably, the Tuttle XRP ETF received approval on July 16, 2025, with an effective date of 485BX. Following this, the ProShares XRP Futures ETF commenced trading on July 18, 2025. Additionally, the Volatility Shares XRP Spot ETF is set to go live on Nasdaq on July 21, 2025. These developments signify a growing institutional interest in XRP, providing investors with regulated avenues to gain exposure to the asset. The approval and launch of these ETFs are expected to bolster XRP’s market presence and liquidity, potentially influencing its price dynamics positively. For more details on these developments, refer to the Crypto Roundup: 22 July 2025.

Conclusion

The unveiling of the White House’s crypto policy report marks a pivotal moment in the U.S. government’s approach to digital assets, aiming to provide much-needed regulatory clarity and consumer protection. Concurrently, the momentum gained by XRP-focused ETFs reflects a growing institutional interest and confidence in specific cryptocurrencies. Together, these developments underscore a maturing crypto market, poised for increased institutional participation and regulatory oversight.