Crypto & Blockchain Daily Brief Saturday, July 19, 2025

The U.S. Securities and Exchange Commission (SEC) has reached a significant milestone in the world of cryptocurrency with the recent passing of the Eliminate Barriers to Innovation Act of 2021, also known as the Genius Act. This Act was introduced by Congressman Patrick McHenry and seeks to promote innovation in the financial sector by addressing regulatory obstacles hindering the development of new technologies like cryptocurrencies. The Genius Act aims to establish a working group within the SEC that will focus on fostering innovation and addressing regulatory challenges in the digital asset space. The group will consist of experts from various government agencies, including the SEC, Commodity Futures Trading Commission (CFTC), and the U.S. Department of Treasury. This collaborative effort is expected to streamline the regulatory process for new technologies and promote a more innovation-friendly environment. The passing of the Genius Act is seen as a positive step towards fostering innovation in the cryptocurrency industry and addressing regulatory uncertainties that have been a roadblock for many companies in the space. The Act has now been sent to President Trump's desk for final approval, and its passage is anticipated to have a significant impact on the future of cryptocurrencies in the United States. Overall, the Genius Act represents a milestone in the regulation of cryptocurrencies and signals a shift towards a more innovation-friendly approach from U.S. regulators. It is hoped that this Act will pave the way for more regulatory clarity and support for companies operating in the digital asset space, ultimately driving further growth and development in the industry.

Solana's native cryptocurrency, SOL, has experienced a significant surge in value due to positive news and developments surrounding the blockchain platform. SOL's price has held steady at around $160 as bullish momentum continues to build. One of the key factors contributing to this surge is the announcement of a new decentralized finance (DeFi) platform called Oxygen on the Solana network. Oxygen aims to provide a high-speed, low-cost DeFi platform for users while leveraging Solana's scalability and low transaction fees. In addition to the Oxygen platform, the Solana network has been gaining traction in the decentralized application (dApp) space, with several projects choosing to build on Solana due to its high throughput and low latency capabilities. This increased adoption has brought more attention to the Solana ecosystem and has helped drive up the value of SOL. Another positive development for Solana is the recent partnership with Serum, a decentralized exchange (DEX) built on the Solana blockchain. This collaboration is expected to further boost the Solana ecosystem and drive more users and liquidity to the platform. Overall, the positive news and developments surrounding Solana, including the launch of Oxygen, increased dApp adoption, and the partnership with Serum, have all contributed to the bullish momentum of SOL. As a result, SOL's price has held strong at around $160, and many in the cryptocurrency community are optimistic about the future growth potential of Solana and its native cryptocurrency.

Cardano's native cryptocurrency ADA has experienced a surge in its price due to strategic partnerships and growing institutional confidence. The recent rise in ADA's value can be attributed to several factors, including partnerships with fintech companies, the Cardano Foundation's collaboration with Scantrust to enhance supply chain transparency, and new developments within the Cardano ecosystem. One key partnership that has contributed to ADA's surge is the collaboration between the Cardano Foundation and Scantrust, a Swiss-based company specializing in supply chain solutions. This partnership aims to leverage blockchain technology to increase transparency and traceability in supply chains, which has garnered interest and support from institutional investors. Additionally, Cardano has formed strategic partnerships with various fintech companies, further boosting ADA's value and market confidence. These partnerships have helped Cardano gain traction in the blockchain and cryptocurrency space, positioning it as a viable option for institutional investors looking to diversify their portfolios. Overall, the recent surge in ADA's price can be attributed to a combination of strategic partnerships, institutional confidence, and developments within the Cardano ecosystem. As Cardano continues to make progress in the blockchain industry and solidify its position as a leading platform for decentralized applications, ADA's value is expected to continue to rise, attracting more investors and users to the platform.

The article provides an analysis of the price of XRP on July 18th. It begins by stating that XRP's price has been trading in a range between $0.65 and $0.75 over the past few days, with the price struggling to break out of this range. The article highlights that XRP has been underperforming compared to other major cryptocurrencies such as Bitcoin and Ethereum. The analysis delves into the technical indicators for XRP, noting that the Relative Strength Index (RSI) is currently below 50, indicating bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) is also showing a bearish signal, suggesting that the price of XRP may continue to decline in the short term. The article mentions that if XRP is able to break above the $0.75 resistance level, it could potentially test the $0.80 level. However, if the price fails to break above $0.75, it may drop to the $0.65 support level. In terms of trading volume, the article points out that XRP's volume has been decreasing, which could indicate a lack of interest from traders. This decrease in volume may contribute to the price remaining within its current range. Overall, the analysis concludes that XRP's price is currently in a consolidation phase, with a lack of significant price movements. The article suggests that traders should closely monitor the $0.75 resistance level and the $0.65 support level to determine the next potential direction for XRP's price.

Charles Schwab, the CEO of brokerage firm Charles Schwab Corporation, recently confirmed that the company is considering offering cryptocurrency trading services for its clients. Schwab mentioned that the demand for cryptocurrencies like Bitcoin and Ethereum is increasing among investors, especially younger generations. He also highlighted the potential benefits of including digital assets in investment portfolios, such as diversification and potential for high returns. Schwab's statement comes amid the growing popularity of cryptocurrencies and their acceptance by mainstream financial institutions. While the firm has not yet finalized its plans for offering cryptocurrency trading, Schwab's acknowledgment of the potential for such services signals a shift in traditional finance towards embracing digital assets. If Charles Schwab decides to introduce cryptocurrency trading, it would provide its clients with access to the cryptocurrency market, allowing them to buy and sell popular digital assets like Bitcoin and Ethereum. This move could attract more investors to the crypto space and further legitimize cryptocurrencies as viable investment options. Overall, Charles Schwab's openness to exploring cryptocurrency trading reflects the increasing acceptance and integration of digital assets into the traditional financial system. As more institutions like Charles Schwab consider offering cryptocurrency services, the crypto market is likely to continue its growth and gain broader adoption among investors looking to diversify their portfolios and capitalize on the potential returns offered by cryptocurrencies.