This Week's Cryptocurrency Highlights on Coinpedia Digest

Summary of Notable Events in the Cryptocurrency Field Over the Past Week, from Policy Decisions to Market and Legal Fluctuations.

The article reviews key news including government actions, major lawsuit results, Ethereum price developments, and new trends in global cryptocurrency investment and management.

Did Trump Sign an Executive Order Preventing Banks from Rejecting Customers Due to Political or Religious Views?

Amid concerns about banks cutting customer accounts for political reasons, President Trump signed an order requiring the cancellation of the "reputation risk" rule that banks use to eliminate cryptocurrency and other legal businesses.

This decision aims to ensure fairer banking service access without discrimination, although large banks like JPMorgan and Bank of America deny ever refusing customers for political reasons. Bank of America CEO Brian Moynihan praised the president's action.

How Did SEC Conclude the Lawsuit with Ripple and What Was Its Impact?

The US Department of Justice closed the long-standing lawsuit against Ripple with a $125 million penalty and restrictions on XRP sales to organizations, while removing the "Bad Actor" label, helping Ripple raise capital under Regulation D.

Ripple's Chief Legal Officer, Stuart Alderoty, confirmed this was a significant lawsuit conclusion, paving the way for Ripple's bank license plan and consolidating its position in the institutional cryptocurrency market.

How Was the Founder of Tornado Cash Convicted in the US Court?

Roman Storm, co-founder of the Tornado Cash cryptocurrency mixing platform, was convicted by the Manhattan court of operating an unlicensed money transfer business, though partially acquitted of money laundering and sanctions violation charges.

The prosecution stemmed from accusations of helping groups like North Korea's Lazarus Group transfer over $1 billion in stolen cryptocurrency, though the defendant's lawyer insisted Tornado Cash was a privacy protection tool, not serving criminal activities.

What Was the Purpose of Appointing Stephen Miran to the Fed Board?

President Trump nominated Stephen Miran, who has spoken about reforming the Fed to increase presidential control and tighten regulations on regional banks, to fill the vacant seat until January 2026.

This occurs as Trump wants to lower interest rates, though some senators question Miran's independence and desire for increased transparency. Analyst Derek Tang views this as a strategy giving Trump immediate policy influence.

President Trump is addressing the issue correctly by ensuring fairness in banking access for everyone.
Brian Moynihan, Bank of America CEO, 2025

What Does Ethereum Surpassing $4,000 for the First Time Since 2024 Mean?

Ethereum rose to $4,050 on 8/8/2025, a price not seen since last December. This is an important technical challenge because the last time it crossed this threshold, ETH established a new historical peak.

Many corporate and ETF investment funds have strongly bought ETH, with on-chain indicators showing ETH beginning to outperform Bitcoin. The next target price experts are looking at is $5,000.

How Does Trump's New Policy on 401(k)s Affect Cryptocurrency Investment?

President Trump signed an order allowing US citizens to expand investment choices in 401(k) retirement funds to alternative assets like cryptocurrency and real estate alongside traditional stocks and bonds.

The goal is to enhance portfolio diversity, increase profitability, and create a more stable retirement foundation for workers. The Department of Labor and SEC will develop guidelines for these options.

What Caused UK Interest Rates to Decrease and Its Impact on the Cryptocurrency Market?

The Bank of England lowered interest rates from 4.25% to 4% due to pressure from 3.6% inflation and rising unemployment, aimed at supporting the struggling economy.

The rate reduction helps increase liquidity and enhance risk acceptance trends, typically stimulating cash flow into the cryptocurrency market. Investors are now turning attention to the possibility of the US also cutting rates in September.

What Decision Did SEC Make About Liquid Staking and How Did It Affect the Market?

The SEC confirmed that liquid staking and related Tokens do not violate securities laws, facilitating a market worth $68 billion currently locked in these platforms.

This helps DeFi projects like Lido and Rocket Pool develop more strongly with flexible staking tools and opens opportunities for US ETFs to integrate staking features in the future.

How Are Bitcoin Price Fluctuations Changing in 2025?

Bitcoin's 30-day volatility has decreased to 36.5%, the lowest since October 2023 when BTC was under $30,000, currently fluctuating around $110,000-$120,000.

The volatility reduction trend is linked to the growth of structured financial products and option selling strategies, similar to stock markets during stable price increase periods.

How Is El Salvador Preparing to Launch the World's First Bitcoin Bank?

In 2025, El Salvador plans to open the first fully Bitcoin bank, offering deposit, loan, and payment services entirely on the Bitcoin platform.

This move marks a strong step in the strategy to make Bitcoin a common daily financial medium, despite IMF warnings about economic stability risks.

Frequently Asked Questions About Prominent Cryptocurrency Events This Week

What Did Trump Do to Protect Cryptocurrency Businesses from Bank Rejection?

Trump signed an executive order requiring the elimination of reputation risk regulations, preventing banks from cutting accounts for political or religious reasons, helping cryptocurrency businesses access banking more easily.

What Changes After SEC Removes "Bad Actor" Label from Ripple?

Ripple is allowed to raise capital from recognized investors under Regulation D, making it easier for the company to develop and promote banking licensing plans.

What Significant Signs Emerge as Ethereum Reaches Over $4,000?

ETH crossing this threshold signals a strong potential for recovery and could lead to the next major price surge, especially as many institutional funds begin to buy in.

What is Liquid Staking and Why Did SEC Permit It?

Liquid Staking allows users to stake cryptocurrency while maintaining Token liquidity. SEC confirmed this is not a security, creating conditions for the development of related DeFi platforms.

What Special Features Does El Salvador's Bitcoin Bank Have?

This bank will operate entirely with Bitcoin, providing financial services such as deposits, loans, and payments using cryptocurrency, representing a pioneering step worldwide.