This week will be marked by 4 important events in the crypto industry
The cryptocurrency market is gearing up for a very significant week, during which four major events are expected.
On Tuesday, July 23, the first reading of the bill on legalization of mining is expected in Russia, which may introduce a ban on the circulation and advertising of cryptocurrencies in the country. Noting the unpredictability of the decision, Andrey Tugarin, founder of GMT Legal, admits that the bans listed in the document may be softened.
On July 23, spot exchange-traded funds based on Ethereum should also start trading, as the U.S. regulator gave its in-principle approval in May this year.
Last week, the Chicago Board Options Exchange (CBOE) confirmed the listing of five Ethereum-ETFs for Tuesday, July 23. This is quite a significant event for Ethereum, as institutional investors will have access to the second largest cryptocurrency by market capitalization.
Additionally, the bitcoin community is very excited about former and possibly future US President Donald Trump's speech at the Bitcoin Conference 2024 in Nashville. This will be the first time that a prominent and high-profile politician will publicly address the global bitcoin community.
Rumor has it that Trump may declare bitcoin a strategic reserve in the United States, which would dramatically strengthen the cryptocurrency's position both in the U.S. and around the world.
XRP supporters have grown weary of watching the sluggish course of the legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Recently, Ripple CEO Brad Garlinghouse expressed optimism that the years-long legal battle will be resolved very soon.
This statement was echoed by Fred Rispoli's attorney, who suggested that a final decision could be heard on July 31, just eight days from now.