Trump revives crypto bills after House chaos

PLUS: Markets bounce back as Bitcoin recovers, PUMP starts buybacks, Ripple’s tokenization push heats up in Dubai real estate and a special gift for you 🎁

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Cryptopolitan News
July 16, 2025 • Estimated Reading Time: 9 minutes

🇺🇸 Trump revives crypto bills after house chaos

Just hours after U.S. crypto legislation appeared dead in the water, Donald Trump staged a dramatic save.

In a late-night Truth Social post, Trump revealed he had met with the GOP rebels who had earlier sunk a key procedural vote on crypto regulation. After a "short discussion" in the Oval Office, the lawmakers agreed to reverse their position, reviving three stalled bills.

Here’s what happened:

  • Earlier in the day, 13 hardline Republicans joined Democrats to block the vote that would’ve moved crypto bills to the floor.

  • The rebellion centered on the stablecoin bill, with some lawmakers objecting to the lack of amendments.

  • Two vocal opponents demanded a ban on a Federal Reserve-issued CBDC be added, a growing concern among crypto advocates.

The vote failed 196–223, catching the market off guard and triggering a sharp correction.

Bitcoin plunged over 5% after the failed vote, dropping to $116K from $120K.
Crypto-linked stocks like Coinbase, Robinhood, and Riot Platforms all traded lower in after-hours.

Then Trump stepped in.

In his post, Trump thanked Congress and Speaker Mike Johnson (who joined remotely) and said the rule would now be re-voted on today, opening the door for full debate on all three bills.

These include:

  • A bipartisan stablecoin regulation framework

  • A market structure bill defining the roles of SEC and CFTC

  • Protections for DeFi and self-custody rights

Markets recovered quickly.

By Wednesday morning, the crypto market had gained nearly 3%.

  • BTC bounced to $118,727

  • ETH surged 6% to $3,170, up 22% for the week

  • The Fear & Greed Index remains in “Greed” territory, signaling traders see this as a dip, not a reversal

This last-minute deal highlights Trump’s deepening alignment with crypto interests — just weeks after he promised to be a “crypto president.”

With a re-vote now imminent, and all three major bills back on track, this could mark a defining moment in U.S. crypto regulation.

Scott claimed the search for a Powell replacement had started and he was involved. Trump blasted Powell again over renovation costs and high interest rates.

📈 Market Watch

Pump.fun has kicked off a series of buybacks to protect its newly launched PUMP token from collapsing, a bold move that’s already begun to pay off.

Just a day after the token went live, the team spent 118,350 SOL (worth millions) to repurchase 2.99 billion PUMP tokens, helping the price recover to $0.006, up 22% on the day.

Why the buybacks matter:

  • PUMP suffered a 56% drop after launch, as whales sold and shorted the token immediately

  • Liquidity on Raydium and Meteora was initially thin, adding to volatility

  • Buybacks helped restore confidence and grew liquidity to $27.5M on Raydium

  • 70% of whale trades on Hyperliquid are now long, indicating bullish sentiment returning

The token is still in price discovery mode, but sentiment is shifting.

PUMP remains low-float and controversial

Despite a $2.35B market cap (FDV: $6.65B), PUMP has limited circulating supply, keeping price action wild.
Insider activity rumors and short-term hype have led some to compare it to HYPE tokens, which also promised revenue sharing via meme protocols.

So far, Pump.fun hasn’t announced a token burn or formal utility. The only known lever: buybacks funded by SOL reserves and fees.

But there’s a bigger concern: revenue is down

At its peak, Pump.fun generated $13M daily in fees. That number now sits around $1.3M, with some days dipping below $1M. Meanwhile, rival meme platform LetsBonk is pulling ahead in activity.

If PUMP is to survive long-term, it needs more than buybacks. It needs to justify its market cap and show it can outgrow its meme roots.

Through this rollout, clients can trade cryptocurrency futures directly on CME Group’s platform via Kraken Pro.

⛓️ Protocol Watch

Ripple has secured a major foothold in the Middle East, partnering with Ctrl Alt to provide custody infrastructure for Dubai Land Department’s tokenized real estate project.

The project, running on the Prypco Mint platform, is built on the XRP Ledger (XRPL), marking the first time a government land registry in the region is using a public blockchain to issue title deeds.

What Ripple brings to the table:

  • Secure, scalable custody for tokenized property records

  • First UAE custody partner via Ctrl Alt

  • Infrastructure already supporting clients in Europe, Africa, APAC, and LatAm

  • Reinforces XRPL’s use case beyond remittances — into institutional-grade tokenization

Ripple’s Middle East MD, Reece Merrick, called this a “perfect example” of Dubai’s positioning as a digital asset hub.

The demand is already real

In just over a month, three properties were successfully tokenized and sold via Prypco Mint:

  • A Business Bay apartment attracted 224 investors from 40+ countries

  • A $653K property in Kensington Waters sold out in under 2 minutes

  • The third listing, Dubai’s first tokenized villa, was fully funded in 5 minutes

Each listing offered fractional ownership starting at just $544 (2,000 AED).

Today, two new properties dropped in Dubai Marina and MBR City.

Ctrl Alt is the engine, Ripple is the vault

Ctrl Alt, now licensed by VARA as a VASP issuer, chose Ripple to handle asset custody, citing the company’s proven security and operational standards.

CEO Matt Ong said the choice was straightforward: “We needed tech that institutions trust.”

Ripple’s UAE expansion is accelerating

  • Licensed by the DFSA as a blockchain payments provider

  • Partnered with Zand Bank and Mamo for cross-border payments

  • Its stablecoin, RLUSD, was approved for use inside DIFC — a first

Now, with property deeds being minted on XRPL, Ripple is embedding itself into Dubai’s tokenized future.

The integration will provide users with multiple choices of blockchains, allowing for increased flexibility and control.

🎉 Giveaway alert

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16th July

On this day in 2014, Mt. Gox—the infamous Bitcoin exchange—filed for Chapter 15 bankruptcy protection in the United States, months after losing over 850,000 BTC due to a long-undetected hack.

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