According to @EleanorTerrett, the source content is a personal tweet regarding a non-financial activity. This post does not contain any information or analysis relevant to cryptocurrency, stock markets, trading strategies, or financial regulations.

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According to @EleanorTerrett, the provided content is a personal message celebrating the 4th of July and does not contain any financial, trading, or market-related information. Therefore, no trading analysis can be extracted.

According to @EleanorTerrett, former U.S. President Donald Trump has reiterated his pro-crypto stance, promising his administration would work towards establishing 'clear and simple market frameworks' for digital assets. In a recorded message at a Coinbase summit, Trump stated his goal is for America to 'dominate the future of crypto and bitcoin.' He also referenced his support for the GENIUS Act, which focuses on the creation of dollar-backed stablecoins, and mentioned a proposed 'US Strategic Bitcoin Reserve.' For traders, these comments signal a potentially favorable regulatory environment under a Trump administration, which could reduce uncertainty and encourage institutional investment in cryptocurrencies like Bitcoin (BTC). The market data shows BTC trading around $109,056, and such political developments are key long-term catalysts to watch.

According to Eleanor Terrett, leading crypto proponent Senator Cynthia Lummis has set a target for completing comprehensive U.S. crypto legislation before the end of the 2024 calendar year. While a stablecoin bill has successfully passed the Senate, Lummis acknowledged that broader market structure legislation faces significant challenges due to a lack of bipartisan consensus. The report highlights that partisan divisions and Democratic concerns over potential conflicts of interest are complicating the process. For traders, this legislative timeline is a critical factor, as regulatory clarity is essential for market stability and institutional confidence in assets like Bitcoin (BTC). Any delays could prolong market uncertainty, while successful passage would likely be a significant bullish catalyst.

According to Eleanor Terrett, the U.S. Department of Justice (DOJ) is moving to seize $225 million in cryptocurrency, primarily Tether (USDT), tied to a large-scale 'pig butchering' scam that led to the collapse of a Kansas bank. Former acting US Attorney Phil Selden described the move as a "tone-setting case" to demonstrate the DOJ's commitment to protecting victims by seizing illicit funds even before arrests are made. The DOJ complaint reveals that crypto exchange OKX provided crucial information that helped trace the laundered funds, which were funneled through a complex network of over 200 wallets and accounts linked to a Philippines-based operation. This network processed approximately $3 billion in transaction volume. The scam's most prominent victim-perpetrator was Shan Hanes, former CEO of Heartland Tri-State Bank, who embezzled $47 million, causing the bank's failure in 2023. The seized USDT will likely be held in a U.S. government crypto reserve, but the process for returning funds to the 434 identified victims remains unclear.

According to @EleanorTerrett, the U.S. Senate has taken a significant step toward regulating stablecoins by advancing the GENIUS Act with a strong 68-30 bipartisan vote. This legislation is critical for crypto traders as it aims to establish a federal and state regulatory framework for major stablecoins like Circle's USDC and Tether's USDT, which are fundamental to market transactions and contracts. The bill's sponsor, Senator Bill Hagerty, argues it will bolster the U.S. dollar's global standing. However, traders should note the concerns raised by Senator Elizabeth Warren, who warns the bill lacks safeguards and could permit issuers to invest in risky assets, potentially destabilizing the financial system. This legislative progress, alongside a similar market-structure bill in the House, signals a move towards comprehensive crypto regulation in the U.S., which could impact market stability and investor confidence.

According to Eleanor Terrett, a group of top U.S. Republican senators, including Tim Scott and Cynthia Lummis, has introduced a new framework of principles for regulating domestic crypto markets. The proposal aims to establish clear distinctions between digital securities and commodities, create a shared regulatory structure to prevent a single dominant watchdog, and implement 'pro-innovation' anti-money laundering protections. For traders, this legislative push, following the Senate's recent passage of a stablecoin bill, signals a significant move toward reducing the regulatory uncertainty that has hampered the U.S. crypto industry. As stated in the report, establishing a clear framework would provide much-needed guidance for exchanges and token issuers on compliance and could attract more institutional capital by defining the roles of regulators like the SEC and CFTC, a step Senator Lummis noted is crucial as the U.S. lags behind regions like the EU and Singapore.

According to @EleanorTerrett, Ripple has officially applied for a national banking license with the Office of the Comptroller of the Currency (OCC). This move, confirmed by a company spokesperson, aims to expand Ripple's crypto services and enable operations across state lines under a single federal regulatory framework. The news triggered a positive market reaction, with the price of XRP jumping over 3%. Current data shows XRPUSDT trading at $2.2721, marking a 3.787% increase in 24 hours and reaching a high of $2.2880. This application follows a similar filing by USDC issuer Circle, indicating a growing trend among major stablecoin companies to seek federal oversight as U.S. crypto regulation advances.

According to Eleanor Terrett, Ripple is enhancing its multichain capabilities by integrating the Wormhole cross-chain protocol with the XRP Ledger (XRPL). This strategic move aims to facilitate seamless transfer of assets like XRP, stablecoins, and tokenized real-world assets across more than 35 blockchains, including Ethereum (ETH) and Solana (SOL), catering to institutional demand. Ripple CTO David Schwartz stated that this interoperability is essential for mass adoption. Further boosting its outlook, Ripple CEO Brad Garlinghouse projected at the XRP APEX 2025 event that XRP could capture 14% of SWIFT's global payment volume within five years by providing superior liquidity solutions for cross-border transactions. Market data reflects positive sentiment, with the XRPUSDT pair showing a 3.842% increase to $2.2733 in the last 24 hours.

According to Eleanor Terrett, Tether (USDT) faces a critical choice with the advancement of the U.S. GENIUS Act for stablecoins, which could force the issuer to either undergo a complex and costly compliance process to access U.S. markets or cede ground to regulated competitors like Circle's USDC. The proposed legislation imposes strict one-to-one reserve requirements with cash and Treasuries, monthly reviews by accounting firms, and potential oversight by the Office of the Comptroller of the Currency, standards which experts cited in the report suggest Tether may not currently meet. In other major news, Polygon (POL) is undergoing a significant strategic overhaul, with co-founder Sandeep Nailwal taking over as CEO of the Polygon Foundation. The team announced a pivot to focus on the AggLayer cross-chain liquidity protocol while retiring its zkEVM network, signaling a major shift for traders and investors to watch. Additionally, Bitcoin Core (BTC) developers confirmed an increase to the OP_RETURN data limit in the next software release, a move that could encourage more data-embedding on the network.

According to Eleanor Terrett, she officially became a citizen of the United States on July 1, 2025. This personal announcement does not contain any specific trading-related information, market analysis, or direct implications for the cryptocurrency or stock markets.

According to @EleanorTerrett, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas have significantly increased the approval odds for most spot crypto exchange-traded funds (ETFs) to 90% or higher. This high probability applies to filings for major cryptocurrencies including XRP, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The analysts cite ongoing engagement from the U.S. Securities and Exchange Commission (SEC) as a primary reason for their optimism, viewing the back-and-forth communication as a strong positive signal. This sentiment is echoed in prediction markets, with Polymarket bettors assigning a 98% chance of an XRP ETF approval this year. The report also highlights the broader trend of asset tokenization, which is moving beyond stablecoins and into structured credit, signaling a long-term structural shift in finance. Despite this positive long-term outlook, recent market data shows 24-hour price declines for key assets, with XRP down over 5.7%, SOL down over 7.2%, and ADA down over 7.5%, presenting a divergence between short-term price action and long-term fundamental developments.

According to Eleanor Terrett, U.S. Senator Cynthia Lummis is pushing to include a significant crypto tax amendment in a major budget bill. The proposed measure would waive U.S. taxes on crypto transactions under $300, with a yearly cap of $5,000 in total transactions, potentially lowering the barrier to entry for new users. For traders and network participants, the amendment seeks to fundamentally change how rewards from staking, mining, airdrops, and forks are taxed. Citing support from the Digital Chamber lobbying group, the proposal would shift the taxable event from the moment of acquisition to the point of sale, aligning the policy with when income is actually realized. Additionally, the amendment aims to close the wash-sale loophole, which would eliminate the tax-loss harvesting strategy currently used by many crypto investors.

According to Eleanor Terrett, Circle (CRCL), the issuer of the USDC stablecoin, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This strategic move aims to bring Circle under direct federal oversight, similar to traditional banks, and would allow it to operate across state lines without individual state licenses, a significant hurdle for many crypto firms. Circle CEO Jeremy Allaire stated this aligns the company with emerging regulations like the GENIUS Act, potentially enhancing the U.S. dollar's reach. Concurrently, Circle's stock (CRCL) has experienced a massive rally, surging over 750% since its IPO to a record high near $299. This pushed its market capitalization to approximately $60 billion, nearly matching the $61.3 billion supply of its USDC stablecoin and approaching Coinbase's (COIN) $78 billion valuation. However, some analysts, like Artemis CEO Jon Ma, warn the rally may be overheated, citing "eye-watering valuation multiples" such as 32 times revenue and 285 times earnings, suggesting limited further upside.

According to @EleanorTerrett, Bloomberg analysts James Seyffart and Eric Balchunas have significantly increased the approval odds for most spot crypto ETFs to 90% or higher. This bullish outlook applies to filings for major altcoins including XRP, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The analysts cite increased engagement from the U.S. Securities and Exchange Commission, such as S-1 amendment requests, as a key positive signal. This sentiment is echoed on the Polymarket prediction market, which shows a 98% chance for an XRP ETF approval and a 91% chance for a SOL ETF this year. Based on current market data, XRP is trading around $2.23, up 1.6%, while SOL is at $154.84, up nearly 0.9% in the last 24 hours.

According to @EleanorTerrett, Bloomberg analysts James Seyffart and Eric Balchunas have increased the approval odds for the majority of spot crypto ETF filings to 90% or higher. This bullish forecast applies to exchange-traded funds for major cryptocurrencies including Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The analysts cite increased engagement from the U.S. Securities and Exchange Commission (SEC), such as acknowledgements and amendment requests, as a very positive signal that the regulator is willing to work with issuers. In contrast, the SUI ETF is given a lower 60% chance of approval due to a lack of regulated futures. Reinforcing this optimism, bettors on Polymarket are pricing in a 98% chance for an XRP ETF approval and a 91% chance for a SOL ETF this year, signaling strong positive market sentiment for these assets.

According to @EleanorTerrett, U.S. Senator Cynthia Lummis is targeting the end of this calendar year for the finalization of comprehensive cryptocurrency legislation. Lummis acknowledged the difficulty in securing bipartisan support, which is critical for the bill's passage in the Senate. Concurrently, the Senator is pushing for a significant amendment to a major budget bill that would introduce favorable tax changes for the crypto industry. Key proposals include waiving capital gains tax on crypto transactions under $300 and, crucially, changing the tax code to only tax rewards from staking and mining when the assets are sold, not when they are acquired. The Digital Chamber of Commerce supports this change, arguing it aligns tax policy with actual income generation for activities central to networks like Ethereum (ETH) and Bitcoin (BTC). These proposed regulatory and tax frameworks could significantly influence crypto market dynamics and investor profitability, arriving as the market sees mixed signals with Bitcoin (BTC) trading around $107,437 and Ethereum (ETH) near $2,493.

According to Eleanor Terrett, U.S. Senator Cynthia Lummis is advancing a significant amendment to a major budget bill that could dramatically alter the tax landscape for cryptocurrency traders and users. The proposed legislation seeks to create a de minimis tax exemption for crypto transactions under $300, with an annual cap of $5,000, which could lower the barrier to entry for new investors. A key provision aims to change how staking, mining, and airdrop rewards are taxed, shifting the taxable event from the moment of acquisition to the point of sale, aligning policy with income realization. This change, supported by industry groups like the Digital Chamber, would resolve the current double-taxation issue on such rewards. The amendment also targets the closure of the crypto wash-sale loophole, a strategy used for tax-loss harvesting. This legislative push, which includes broader efforts like the GENIUS Act for stablecoins and the BITCOIN Act, is presented as a crucial step for the U.S. to maintain leadership in digital asset innovation. While these regulatory developments suggest a long-term bullish catalyst for the market, current data shows Bitcoin (BTC) trading at approximately $107,437, down 0.92% in 24 hours, while Solana (SOL) is up around 1% at $155.32 and Cardano (ADA) is down 0.26% at $0.5747.

According to @EleanorTerrett, the U.S. crypto market faces two pivotal legislative developments with significant trading implications. Senator Cynthia Lummis is pushing a major amendment to a budget bill that could dramatically benefit crypto holders and traders by waiving taxes on transactions under $300 and, crucially, changing the tax rules for staking and mining rewards to be taxed only upon sale, not acquisition. This could boost the profitability of staking assets like Ethereum (ETH) and increase retail adoption. The source indicates this amendment also aims to address wash trading rules and crypto lending taxes. Concurrently, Senator Adam Schiff, despite being a crypto ally, has introduced the COIN Act to prohibit officials like Donald Trump from issuing digital assets, reflecting Democratic concerns over potential conflicts of interest. This introduces political uncertainty that could complicate the path for broader crypto market structure bills. While the market shows consolidation, with ETH trading around $2,490 and SOL at $155, the outcomes of these legislative efforts represent major potential catalysts.