XRP News Today: U.S. Crypto Policy Shift Boosts Global Hub Ambitions Amid Market Volatility

Regulatory shifts and market sentiment are reshaping the cryptocurrency landscape, with the U.S. positioning itself as a potential global hub for digital assets. On July 27–August 2, top officials including SEC Chair Paul Atkins emphasized the need to “reshore” crypto companies, signaling a policy shift toward friendlier regulation [1]. Atkins also announced “Project Crypto,” a U.S. initiative aimed at modernizing the SEC for digital finance and establishing clearer rules for crypto assets [1]. Treasury Secretary Scott Bessent called the U.S. crypto environment a “golden age,” urging builders to launch protocols domestically [1]. This regulatory optimism is already influencing business decisions, with firms like Kraken and MoonPay expanding their U.S. operations.

Deloitte’s Q2 2025 survey of CFOs at large corporations revealed strong long-term confidence in crypto, with 99% planning to use it in business strategies [1]. However, adoption faces hurdles, as 43% of respondents cited price volatility as a primary concern, along with accounting complexity and regulatory uncertainty [1]. These findings reflect the cautious yet growing interest in digital assets among corporate leaders.

Meanwhile, the U.K. Financial Conduct Authority (FCA) has reversed its 2021 ban on retail access to crypto exchange-traded notes (cETNs), effective October 8 [1]. The decision acknowledges the evolving market and increased understanding of crypto products among investors.

Not all developments have been positive. In India, an employee of crypto exchange CoinDCX was arrested in connection with a $44 million hack. Bengaluru police detained Rahul Agarwal, a software engineer, after determining that his credentials had been compromised, allowing unauthorized access to the firm’s servers [1]. Agarwal denied involvement but admitted to working part-time for private clients while employed at CoinDCX.

The week also saw notable price movements and predictions. XRP is showing signs of a potential 20% rally by the end of August due to a bullish divergence on its four-hour chart, indicating weakening selling pressure [1]. The broader market saw Bitcoin at $113,936, Ether at $3,527, and a total market cap of $3.71 trillion. Among altcoins, Four (FORM), Toncoin (TON), and Story (IP) were the top gainers, while Fartcoin (FARTCOIN), Bonk (BONK), and Virtuals Protocol (VIRTUAL) were the biggest losers [1].

Security concerns persisted, with hackers stealing $142 million from the crypto space in July, a 27% increase from June but still a 46% drop compared to the same period in 2024. CoinDCX accounted for the largest single breach [1]. Additionally, Tornado Cash co-founder Roman Storm faces a jury trial after prosecutors alleged he conspired to launder money and violated U.S. sanctions, potentially setting a legal precedent for developer liability in decentralized finance [1].

In regulatory policy changes, Indonesia raised taxes on crypto traders and miners, increasing domestic exchange tax rates from 0.1% to 0.21% and foreign exchange rates from 0.2% to 1% [1]. These measures reflect an ongoing global trend of increased oversight in the crypto sector.

The week also featured notable quotes from industry figures, including Ted Pillows, Ray Dalio, and Joe Lubin, all of whom highlighted Bitcoin’s potential, portfolio diversification, and the role of stablecoins in mass adoption [1].

[1] Source: [1] Cointelegraph – [https://cointelegraph.com/news/xrp-price-surge-crypto-firms-return-us-hodlers-digest](https://cointelegraph.com/news/xrp-price-surge-crypto-firms-return-us-hodlers-digest)