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SBI Executive Declares XRP “Generational Wealth” as ETF Filings and Banking License Bid Fuel Momentum
With Ripple’s XRP trading near $3 and its market cap approaching $170 billion, institutional momentum appears to be reaching a turning point—driven by global adoption, SBI Group support, and upcoming ETF decisions.
SBI CEO: XRP Is “The Wealth Transfer of Our Generation”
Tomoya Asakura, CEO of SBI Global Asset Management, has made headlines by calling XRP “the wealth transfer of our generation.” In his recent remarks, Asakura emphasized that XRP’s adoption is expanding globally, especially among banks and financial institutions integrating Ripple’s payment technology.
The bullish outlook follows XRP’s latest surge, as the token’s price approached $3, lifting its market capitalization to nearly $170 billion, and outpacing broader crypto market performance.
Ripple Infrastructure Deepens with RLUSD and U.S. Banking License Efforts
Earlier this month, Ripple designated BNY Mellon as custodian for its RLUSD stablecoin, underscoring a coordinated push to establish a new global payments infrastructure using both RLUSD and XRP.
Ripple’s application for a U.S. banking license could be a game-changer. Asakura believes the move could trigger “a rapid increase” in XRP’s real-world utility and institutional adoption if approved. This is seen as part of a broader strategy to bridge retail and wholesale financial systems using Ripple’s technology stack.
SBI’s Strategic Alignment with Ripple
SBI is Ripple’s largest external investor, holding a 9% equity stake in the company. Its XRP-focused operations include:
- SBI VC Trade, offering XRP-based trading
- SBI Remit, enabling cross-border XRP remittances
- Running validator nodes on the XRP Ledger
- A new partnership with Aplus that lets users convert credit card points to XRP, expanding retail access
These initiatives reaffirm SBI’s long-term commitment to XRP as a cornerstone of its digital asset strategy.
ETF Speculation Builds as U.S. Regulatory Deadlines Approach
July is shaping up to be pivotal for XRP’s institutional trajectory, with multiple XRP ETF applications awaiting SEC response. If the agency allows the filings to proceed unchallenged, trading of XRP ETFs could begin within weeks.
Bitwise CEO Hunter Horsley added fuel to speculation, stating that Ripple could be evolving into an “XRP treasury company” as demand for strategic XRP exposure intensifies among funds and asset managers.
Institutional Thesis Strengthens
With Ripple’s banking ambitions, strong backing from SBI, a growing retail base in Asia, and potential ETF approval on the horizon, XRP is increasingly seen not just as a digital asset—but as a foundational layer in next-gen financial infrastructure.
As major institutions ramp up exposure and adoption, XRP’s long-term value narrative is transforming from speculation to systemic utility—with generational implications for wealth creation.
@ Newshounds News™
Source: CryptoPotato
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JPMorgan Eyes Crypto-Backed Loans and Stablecoin Entry as CEO Softens Bitcoin Stance
Wall Street titan JPMorgan is exploring lending directly against crypto assets like Bitcoin and Ethereum, marking a significant shift in its approach to digital finance—while stablecoin ambitions begin to take shape.
JPMorgan’s Quiet Move into Crypto Lending
JPMorgan Chase is reportedly preparing to offer crypto-backed loans, potentially by 2026, according to the Financial Times. Citing unnamed sources, the report suggests that the bank may soon accept Bitcoin (BTC) and Ethereum (ETH) as collateral, positioning itself alongside other financial institutions beginning to embrace digital asset financing.
This move signals a growing institutional acceptance of crypto—not just as a speculative asset but as viable collateral within traditional lending frameworks.
Stablecoin Ambitions Confirmed
On July 15, during the bank’s Q2 earnings call, CEO Jamie Dimon said JPMorgan plans to participate in the stablecoin sector. Dimon emphasized the importance of understanding and mastering the technology behind these assets, signaling JPMorgan’s intention to compete in the emerging tokenized payments space.
This comes shortly after Citigroup revealed plans to issue its own stablecoin for payment applications, intensifying the race among major banks to develop blockchain-native financial instruments.
A Decade-Long Crypto Turnaround for Jamie Dimon
Dimon’s shifting perspective has been one of the more controversial narratives in finance. Key statements over the years include:
- 2017: Called Bitcoin a “fraud” and threatened to fire employees trading BTC
- 2018: Referred to crypto as a “scam”
- 2022: Labeled crypto “decentralized Ponzi schemes”, while praising blockchain and DeFi
- 2024–2025: Softened his tone, saying: “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”
Dimon’s recent comments appear to be a strategic pivot, aimed at aligning JPMorgan with evolving client expectations and a rapidly growing digital asset ecosystem.
Client Pressure and Competitive Risk
The Financial Times noted that Dimon’s past anti-crypto rhetoric alienated many high-net-worth and institutional clients—particularly those who gained their wealth in crypto or maintained strong long-term positions.
As JPMorgan’s competitors—like Citigroup, Fidelity, and BlackRock—advance in the digital asset space, the pressure to adapt appears to have driven JPMorgan to explore both stablecoin issuance and direct crypto lending services.
Final Word: Tradition Meets Tokenization
JPMorgan’s entrance into crypto-collateralized lending and stablecoin infrastructure development would represent a major milestone in the convergence of traditional banking and blockchain-based finance.
If implemented, this pivot could redefine JPMorgan’s role in the next evolution of capital markets—transitioning from vocal crypto skepticism to becoming a full-spectrum financial player in the Web3 economy.
@ Newshounds News™
Source: Cointelegraph
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Coinbase Launches CFTC-Regulated Perpetual Futures in U.S. as Regulatory Clarity Grows
Coinbase has officially brought perpetual futures trading to U.S. markets for the first time, marking a breakthrough in access and compliance amid the country’s evolving digital asset regulation.
Perpetual Futures Now Available to U.S. Traders
Coinbase, the largest U.S.-based cryptocurrency exchange, has launched perpetual futures trading for American users. The initial offering includes:
- Nano Bitcoin Perpetual Futures (BTC)
- Nano Ethereum Perpetual Futures (ETH)
These new contracts come with 10x leverage and a 5-year expiration window, offering a long-term, flexible trading alternative compared to the typical monthly or quarterly expiry seen in traditional futures.
“For years, U.S. crypto traders have looked on as their international counterparts utilized one of the most popular tools in the digital asset marketplace: perpetual futures,” Coinbase said in its statement. “Until now.”
The products are regulated by the Commodity Futures Trading Commission (CFTC), ensuring legal compliance and opening the door for institutional and retail traders seeking regulated derivatives exposure within the United States.
Competitive Pricing and Strategic Flexibility
Coinbase is targeting both professional and retail futures traders with ultra-low trading fees starting at just 0.02% per contract.
The 5-year expiration structure is particularly notable—it allows U.S. traders to position themselves for long-term trends rather than being forced into short-term rollovers or expiries, making it ideal for macro-driven strategies.
Regulatory Green Light: GENIUS and Clarity Acts
This product rollout comes amid significant legislative momentum in Washington:
- The GENIUS Act was recently enacted, establishing a comprehensive regulatory framework for stablecoins and token issuers.
- The Clarity Act, passed by the U.S. House of Representatives, further defines regulatory jurisdiction between the SEC and CFTC, reducing ambiguity in crypto oversight.
These moves signal a long-awaited shift toward regulatory maturity in the U.S. digital asset space. Market sentiment has responded accordingly—Bitcoin and Ethereum prices have surged, along with major altcoins.
Market Reaction: Coinbase Hits New Highs
Coinbase’s stock (COIN) surged to an all-time high above $437 last Friday, reaching a $100 billion market cap milestone.
Though shares dipped slightly by 1.47% on Monday, closing at $413.63, the exchange remains a top institutional proxy for crypto exposure amid the current bull cycle.
Conclusion:
Coinbase’s move to launch regulated perpetual futures for U.S. traders reflects the convergence of regulatory clarity and market demand. As the legal framework sharpens, products once limited to offshore platforms are now making their way into mainstream American finance—setting the stage for deeper liquidity and broader adoption.
@ Newshounds News™
Source: The Block
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U.S. Banking Groups Urge OCC to Delay Ripple, Circle, and Crypto Bank Licenses
Major U.S. banking associations are pushing back against the fast-tracking of national bank charters for crypto firms like Ripple, Circle, and Fidelity Digital Assets, citing transparency and regulatory concerns.
Banking Networks Push for Delay on Crypto Charters
On Thursday, several top U.S. banking trade groups — including the American Bankers Association — submitted a formal request urging the Office of the Comptroller of the Currency (OCC) to postpone banking license approvals for crypto firms.
The firms named include:
- Ripple Labs
- Circle Internet Group
- Fidelity Digital Assets
The groups claim the license applications lack sufficient detail for regulators and the public to properly assess the business models, operational risks, and fiduciary responsibilities of the applicants.
“Significant Policy and Legal Questions”
In their joint letter, the banking groups warned that these proposed crypto charters could blur regulatory boundaries and introduce material risk to the broader U.S. financial system.
“There are significant policy and legal questions as to whether the Applicants’ proposed business plans involve the types of fiduciary activities performed by national trust banks,” the letter stated.
The concern isn’t just about the applicants’ activities — but the precedent a rushed approval could set. The groups emphasized that the lack of public scrutiny over the applications undermines transparency and trust in the OCC’s chartering process.
Ripple, Circle Seek National Trust Bank Status
The banking licenses under review would allow these crypto firms to operate as national trust banks, bypassing state-by-state registration and giving them expanded authority to offer services such as custody, payments, and potentially lending.
This aligns with Ripple’s broader plan, as the company recently applied for a national banking license in the U.S. and has pushed for institutional adoption of XRP and RLUSD-backed payment solutions.
GENIUS Act Drives Institutional Crypto Ambitions
Analysts say the regulatory pushback is partly a response to the momentum generated by the GENIUS Act, which was recently passed into law and establishes a formal framework for stablecoin issuance and custody.
As a result, more crypto firms are expected to apply for national bank charters, aiming to scale operations in the U.S. under a unified federal framework.
Logan Payne, crypto attorney at Winston & Strawn, noted: “This charter license would allow crypto firms to engage in a wider range of activities without the need for state-to-state licenses.”
Conclusion
As U.S. regulators race to establish clear digital asset frameworks, traditional banking networks are urging caution. The battle over banking licenses for Ripple and Circle highlights the tug-of-war between innovation and oversight in the evolving U.S. crypto landscape.
@ Newshounds News™
Source: Coinpedia
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