Trump urges Senate to pass CLARITY Act before August recess; memecoin market rebounds 3% to $40B; South Korea pilots tokenized treasury bonds by 2027; Fed meets late July with ongoing inflation concerns.
Regulation & Gov ·
Former President Trump has called on the Senate to pass the CLARITY Act ahead of the August 11 recess, though stablecoin yields remain unchanged. Separately, the memecoin market has grown by 3 percent to a $40 billion valuation, even as trading activity declined during a fragmented trading week.
South Korea's finance ministry is moving forward with a pilot program for tokenized treasury bonds, with plans to implement the initiative using deposit tokens by 2027. The Federal Reserve is scheduled to hold a policy meeting on July 28 and 29, with Cleveland Federal Reserve officials continuing to signal concerns about inflationary pressures in the economy.
The developments reflect mixed momentum across regulatory and market fronts. While crypto policy discussions advance and asset classes recover from recent declines, persistent inflation signals from Fed officials underscore broader economic uncertainty that may shape the pace and direction of digital asset regulation in the months ahead.