#SuperEx #WeeklyNews #Trump

SuperEx Weekly News is now live and will meet you every Monday. Each edition summarizes the major events from the past week across the crypto industry and global financial ecosystem, covering key headlines, mining updates, project dynamics, technological developments, and more.

On Thursday, July 17 (ET), near the close of the U.S. stock market, the House of Representatives overwhelmingly passed three major pieces of crypto-related legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, and forwarded them to President Trump for signing into law.

Among them, the GENIUS Act, which focuses on stablecoin regulation, received 308 votes in favor, 2.5 times more than the 122 votes against. Over 100 Democrats, including House Democratic leader Hakeem Jeffries, “defected” and joined the Republicans in voting yes.

Earlier during market hours, White House Press Secretary Karoline Leavitt stated that Congress clearly has enough votes to pass crypto legislation, and expressed confidence that further laws would follow. President Trump plans to sign the crypto bills, including the GENIUS Act, at an event this Friday, making them officially law.

According to Cointelegraph, under Executive Order №14178, the White House will release its first crypto policy report on July 22 this week.

According to the Financial Times, President Trump is preparing a landmark executive order that would allow “alternative assets” — including cryptocurrencies, gold, and private equity — to be included in 401(k) retirement portfolios. If enacted, this move could completely reshape the asset allocation landscape for U.S. retirement funds.

Sources familiar with the matter say the executive order will instruct regulators to reassess current investment restrictions and dismantle policy barriers preventing assets like digital currencies from entering professionally managed retirement portfolios. In effect, this could mark the first time millions of working-class Americans’ retirement savings are directly linked to Bitcoin, Ethereum, and other crypto assets.

In fact, back in May, the U.S. Department of Labor already took a major step forward — formally rescinding its earlier cautionary guidance on crypto investments in 401(k) plans, admitting that the blanket ban was overly interventionist. This shift is widely seen as a sign that crypto assets are entering mainstream investment channels.

Data shows that as of March 2025, U.S. 401(k) retirement funds totaled approximately $8.7 trillion, making it the world’s largest occupational pension system. Some state governments have already begun testing alternative asset allocations:

• Michigan has allocated around $6.6 million into Bitcoin ETFs and $10 million into Ethereum ETFs through its state-level retirement system.

• Wisconsin has been even more aggressive, currently holding $163 million worth of Bitcoin ETFs.

Industry insiders believe that if Trump’s executive order is formally enacted, 401(k) plans could bring unprecedented capital inflows into the crypto market. Given the long-term, stable nature of pension funds, this policy is undoubtedly a powerful catalyst for mid- to long-term growth in digital asset prices.

White House Press Secretary Karoline Leavitt reaffirmed the administration’s commitment to exempting small crypto transactions from taxation, and said related legislation is being pushed forward. Although earlier efforts to include the exemption in the “Beautiful Act” failed, the government believes this policy will simplify crypto payment processes and further encourage everyday usage of digital currencies.

Bank of America CEO Brian Moynihan stated that the bank is preparing to launch a stablecoin, and that investors can expect more proactive moves from BoA in the crypto space — though a specific timeline has not yet been determined. Meanwhile, Morgan Stanley CFO Sharon Yeshaya said today that the bank is “closely watching” opportunities in the stablecoin sector:“We’re evaluating how stablecoins might serve our client base, but it’s still too early to tell.”

According to Cryptoslate, French lawmakers have submitted a proposal to use surplus electricity from nuclear power plants for Bitcoin mining. The plan could generate $100–150 million annually. The five-year pilot program would allow mining centers to co-locate with nuclear facilities and operate only during periods of energy surplus. Additionally, the heat produced by mining would be recycled for heating or industrial use. The bill was submitted to the French National Assembly on July 11.

SEC Chair Paul Atkins stated that the agency’s crypto task force is focused on developing clearer regulatory rules, but stablecoin regulation should primarily fall under banking regulatory agencies.

President Donald Trump has filed a defamation lawsuit against News Corp, Dow Jones & Co., media mogul Rupert Murdoch, and two Wall Street Journal journalists. The lawsuit filing is not yet public. News Corp owns The Wall Street Journal, New York Post, and publisher HarperCollins, while Dow Jones is a subsidiary of News Corp.

Fed official Austan Goolsbee said that if economic uncertainty clears, rate cuts could be on the table. He emphasized the need for broader consensus on tariffs to properly evaluate their inflation impact:“The ongoing announcements around tariffs mean we can’t treat them as one-time price shocks. Anything that makes reaching our 2% inflation target harder will delay the rate-cut timeline.”

He added that if inflation remains mild in the coming months, he’d feel more confident, saying:“If we start seeing signs of labor market deterioration, that will become a key factor in my policy decisions.”

Latest data shows that 1-year inflation expectations in the U.S. for July fell to 4.4%, below the market forecast of 5.0% and down from the previous value of 5.0%.

Bank of America Global Research now expects the Bank of England to cut interest rates twice this year, in August and November, down from previous expectations of three cuts (August, September, and November).

#SuperEx #WeeklyNews #Trump

SuperEx Weekly News is now live and will meet you every Monday. Each edition summarizes the major events from the past week across the crypto industry and global financial ecosystem, covering key headlines, mining updates, project dynamics, technological developments, and more.

On Thursday, July 17 (ET), near the close of the U.S. stock market, the House of Representatives overwhelmingly passed three major pieces of crypto-related legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, and forwarded them to President Trump for signing into law.

Among them, the GENIUS Act, which focuses on stablecoin regulation, received 308 votes in favor, 2.5 times more than the 122 votes against. Over 100 Democrats, including House Democratic leader Hakeem Jeffries, “defected” and joined the Republicans in voting yes.

Earlier during market hours, White House Press Secretary Karoline Leavitt stated that Congress clearly has enough votes to pass crypto legislation, and expressed confidence that further laws would follow. President Trump plans to sign the crypto bills, including the GENIUS Act, at an event this Friday, making them officially law.

According to Cointelegraph, under Executive Order №14178, the White House will release its first crypto policy report on July 22 this week.

According to the Financial Times, President Trump is preparing a landmark executive order that would allow “alternative assets” — including cryptocurrencies, gold, and private equity — to be included in 401(k) retirement portfolios. If enacted, this move could completely reshape the asset allocation landscape for U.S. retirement funds.

Sources familiar with the matter say the executive order will instruct regulators to reassess current investment restrictions and dismantle policy barriers preventing assets like digital currencies from entering professionally managed retirement portfolios. In effect, this could mark the first time millions of working-class Americans’ retirement savings are directly linked to Bitcoin, Ethereum, and other crypto assets.

In fact, back in May, the U.S. Department of Labor already took a major step forward — formally rescinding its earlier cautionary guidance on crypto investments in 401(k) plans, admitting that the blanket ban was overly interventionist. This shift is widely seen as a sign that crypto assets are entering mainstream investment channels.

Data shows that as of March 2025, U.S. 401(k) retirement funds totaled approximately $8.7 trillion, making it the world’s largest occupational pension system. Some state governments have already begun testing alternative asset allocations:

• Michigan has allocated around $6.6 million into Bitcoin ETFs and $10 million into Ethereum ETFs through its state-level retirement system.

• Wisconsin has been even more aggressive, currently holding $163 million worth of Bitcoin ETFs.

Industry insiders believe that if Trump’s executive order is formally enacted, 401(k) plans could bring unprecedented capital inflows into the crypto market. Given the long-term, stable nature of pension funds, this policy is undoubtedly a powerful catalyst for mid- to long-term growth in digital asset prices.

White House Press Secretary Karoline Leavitt reaffirmed the administration’s commitment to exempting small crypto transactions from taxation, and said related legislation is being pushed forward. Although earlier efforts to include the exemption in the “Beautiful Act” failed, the government believes this policy will simplify crypto payment processes and further encourage everyday usage of digital currencies.

Bank of America CEO Brian Moynihan stated that the bank is preparing to launch a stablecoin, and that investors can expect more proactive moves from BoA in the crypto space — though a specific timeline has not yet been determined. Meanwhile, Morgan Stanley CFO Sharon Yeshaya said today that the bank is “closely watching” opportunities in the stablecoin sector:“We’re evaluating how stablecoins might serve our client base, but it’s still too early to tell.”

According to Cryptoslate, French lawmakers have submitted a proposal to use surplus electricity from nuclear power plants for Bitcoin mining. The plan could generate $100–150 million annually. The five-year pilot program would allow mining centers to co-locate with nuclear facilities and operate only during periods of energy surplus. Additionally, the heat produced by mining would be recycled for heating or industrial use. The bill was submitted to the French National Assembly on July 11.

SEC Chair Paul Atkins stated that the agency’s crypto task force is focused on developing clearer regulatory rules, but stablecoin regulation should primarily fall under banking regulatory agencies.

President Donald Trump has filed a defamation lawsuit against News Corp, Dow Jones & Co., media mogul Rupert Murdoch, and two Wall Street Journal journalists. The lawsuit filing is not yet public. News Corp owns The Wall Street Journal, New York Post, and publisher HarperCollins, while Dow Jones is a subsidiary of News Corp.

Fed official Austan Goolsbee said that if economic uncertainty clears, rate cuts could be on the table. He emphasized the need for broader consensus on tariffs to properly evaluate their inflation impact:“The ongoing announcements around tariffs mean we can’t treat them as one-time price shocks. Anything that makes reaching our 2% inflation target harder will delay the rate-cut timeline.”

He added that if inflation remains mild in the coming months, he’d feel more confident, saying:“If we start seeing signs of labor market deterioration, that will become a key factor in my policy decisions.”

Latest data shows that 1-year inflation expectations in the U.S. for July fell to 4.4%, below the market forecast of 5.0% and down from the previous value of 5.0%.

Bank of America Global Research now expects the Bank of England to cut interest rates twice this year, in August and November, down from previous expectations of three cuts (August, September, and November).