FameEX Morning Crypto News Recap | July 31, 2025
2025-07-31 04:07:31White House Working Group Releases Preview Report on Digital Asset Regulation
On July 30, the White House Digital Asset Market Working Group published a major report endorsing DeFi integration into traditional finance, encouraging innovation through regulatory sandboxes, pushing forward the GENIUS Act for stablecoin oversight, and providing clearer tax guidance for cryptocurrency mining and staking activities.
Trump Declares 25% Import Tariff and Penalties Targeting India
President Trump condemned India’s high tariffs and trade barriers, highlighting its heavy reliance on Russian arms and energy. He accused India of failing to pressure Russia over Ukraine. In response, the U.S. will impose a 25% tariff and additional penalties on India starting August 1.
U.S. Slaps Brazil with 50% Tariff as Trump Strikes Trade Pact with South Korea
On July 31, President Trump escalated trade measures by signing an executive order imposing a 40% additional tariff on Brazilian goods, raising total duties to 50%. Simultaneously, the U.S. finalized a trade agreement with South Korea, which will now face 15% tariffs on exports to America while committing to $350 billion in U.S. investments.
Powell’s Neutral Speech Keeps September Rate Cut on the Table
Federal Reserve Chairman Jerome Powell delivered a neutral speech, despite two board members expressing dissent with more dovish views. Analysts observed that Powell’s comments did not indicate any strong indication of a rate cut in September.
Ethereum Gaining More Capital through Conventional Investment Approaches
Bitwise's Hougan says Ethereum's treasury firm solved its "narrative dilemma" by repackaging digital assets for traditional investors. This bridges crypto/mainstream finance, boosting institutional accessibility and Ethereum's market position.
Strong U.S. Data May Boost Dollar, Say Analysts
Monex Europe warns sustained dollar upside is likely if robust U.S. growth data combines with Fed Chair Powell's restrained rate-cut signaling, creating bullish momentum for the greenback in FX markets.
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