KEYTAKEAWAYS
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Trump secures GOP support for the GENIUS Act, which could establish clear U.S. stablecoin rules and boost compliant token adoption.
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Ripple expands RLUSD in Europe and gains NYSE approval for a leveraged XRP ETF, strengthening its global regulatory and institutional positioning.
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Solana’s RWA market share hits 3.9%, driven by tokenized equities and Treasuries, signaling rising institutional interest and technical competitiveness.
CONTENT
TRUMP BROKERS CONSENSUS ON “GENIUS ACT,” HOUSE VOTE EXPECTED NEXT MORNING
On July 15, former U.S. President Donald Trump announced on Truth Social that he had met with 11 of the 12 lawmakers needed to advance the GENIUS Act.
The meeting, held in the Oval Office, concluded with all participants expressing support for the bill’s procedural rules. House Speaker Mike Johnson also joined the discussion via phone and expressed eagerness to move the legislation forward swiftly.
The GENIUS Act aims to establish a comprehensive regulatory framework for stablecoins in the U.S., including monthly reserve disclosures and bankruptcy protections.
The bill reflects a growing consensus within the Republican Party and demonstrates Trump’s organizational strength in policy mobilization.
Analysis:
If passed, the GENIUS Act would be a landmark in U.S. stablecoin regulation, offering clarity for compliant issuers like USDC while increasing regulatory pressure on unregulated tokens.
In the short term, the bill may boost institutional confidence in regulated stablecoin assets, leading to capital rotation toward compliant tokens and potentially reshaping market dynamics and sentiment.
RIPPLE ADVANCES RLUSD STABLECOIN IN EUROPE, XRP LEVERAGED ETF APPROVED BY NYSE
Ripple is ramping up global expansion with dual strategies for its RLUSD stablecoin and native token XRP. The company has applied for an Electronic Money Institution (EMI) license in Luxembourg to align RLUSD with the EU’s upcoming MiCA regulations.
Ripple had already established a European subsidiary in April and appointed BNY Mellon as its reserve custodian to ensure transparency and compliance.
In the U.S., Ripple is seeking federal regulatory clarity by applying for a national bank charter from the OCC and a Fed master account via a subsidiary—laying the groundwork for a global-grade stablecoin settlement network.
Meanwhile, XRP made a significant leap toward mainstream adoption.
On July 14, NYSE Arca approved ProShares’ leveraged ETF (ticker: UXRP), marking a major milestone for XRP’s integration into traditional financial markets and boosting its liquidity and institutional access.
Analysis:
Ripple’s strategic push for regulatory approval in both the U.S. and Europe reflects a bid to become a top-tier stablecoin issuer globally.
The approval of an XRP leveraged ETF by the NYSE enhances XRP’s institutional appeal. Together, these moves consolidate Ripple’s role in the evolving landscape of compliant digital assets and real-world utility tokens.
SOLANA RWA MARKET SHARE HITS 3.9%, GROWS 1.4X IN 2025
Solana’s Real World Asset (RWA) ecosystem (excluding stablecoins) has surged in 2025, with on-chain RWA assets surpassing $418 million—a 140.6% YTD increase, far outpacing the overall RWA market’s 62.4% growth.
This rapid expansion has significantly narrowed the gap with leading chains.
Solana now hosts a variety of RWA projects, including tokenized U.S. equities, Treasuries, and institutional funds.
Thanks to its high throughput, near-zero transaction costs, and a vibrant developer community, Solana continues to attract new RWA deployments and capital inflows.
According to RWA.xyz, Solana holds a 3.9% share of the RWA market, ranking fourth behind Ethereum (58.4%), ZKsync Era (17.2%), and Aptos (4%). Although it still trails the top platforms, its growth trajectory signals increasing potential to challenge the RWA leaders.
Analysis:
Solana’s outsized growth in the RWA sector highlights its competitiveness in real-world asset tokenization. Its technical advantages and growing ecosystem give it an edge in attracting future institutional-grade tokenized projects.
If this momentum continues, Solana may become a core infrastructure layer for RWA adoption in the next phase of DeFi evolution.
