PDAXScope: BTC advances, XRP case ends, Trump signs EO
PDAX
August 08, 2025
3 min read
Bitcoin Advances After Trump Taps Bitcoin-Friendly Economist For Fed Role (Decrypt)
Bitcoin has shaken off last week’s market jitters to regain a foothold near $117,500 before cooling back down to around $116,800 after U.S. President Donald Trump nominated a well-known Bitcoin supporter to the Federal Reserve Board, as reported by Decrypt. The move lifted optimism for more crypto-friendly policies, fueling a brief rally before easing.
SEC, Ripple lawsuit to end after joint agreement to drop appeals (Cointelegraph)
The U.S. Securities and Exchange Commission and Ripple have agreed to drop their appeals in the long-running legal battle over XRP, effectively ending one of the most high-profile enforcement cases in crypto history, as reported by Cointelegraph. This means the prior court ruling – that XRP sold on public exchanges isn’t a security – now stands permanently, clearing the path forward for Ripple to move on.
Trump signs order to allow crypto and real estate investments in retirement plans (The Guardian)
U.S. President Donald Trump has signed an executive order allowing cryptocurrency and other alternative assets, such as private equity and real estate, to be included in 401(k) retirement plans, as reported by The Guardian. The order directs the U.S. Department of Labor and the Securities and Exchange Commission to reevaluate their guidance. This reportedly can enable broader investment options for Americans’ retirement accounts while lowering regulatory barriers.
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