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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 31, 2025 03:28 UTC
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Bitcoin, Ethereum, XRP Prices Flat As White House Crypto Report Fails to Spark Rally
The White House releases a comprehensive pro-crypto report outlining a vision to make the U.S. the global crypto capital, but markets show little reaction.
Despite strong government support and industry backing, Bitcoin, Ethereum, and XRP prices remain flat as traders await clearer regulatory action.
The prices of top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP showed little to no movement over the past 24 hours, surprising many in the market. This pause in price action came immediately after the release of White House report on digital assets.
White House Pushes Bold Crypto Agenda
On paper, the report should have been a bullish catalyst. Titled the White House Crypto Report, it was released by the President’s Working Group on Digital Assets and featured strong pro-crypto messaging. A post from the White House even declared, “Together we will make the U.S. the crypto capital of the world,” outlining a bold vision for embracing blockchain technology.
Government officials, including Treasury Secretary Scott Besant, along with policy representatives from major crypto players like Coinbase, Ripple, Chainlink, Anchorage, and KrakenFX, were present at the event. Industry leaders from associations like the Blockchain Association, Digital Chamber, and Crypto Council also attended. Ripple’s Chief Legal Officer Stuart Alderoty called the report “comprehensive, helpful, and direct.”
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According to Alderoty and other insiders, the 160-page document lays out recommendations for establishing clear market rules, improving consumer protections, and boosting national security. It also encourages regulatory bodies like the SEC to take immediate action on classifying and handling digital assets.
The report is seen by many as the most pro-crypto move yet from any U.S. administration. Legal experts have pointed out that it covers everything from defining asset types to recommending policies for decentralized finance (DeFi), and even outlines how Congress should address money transmitter rules.
Crypto Market Stays Flat Despite Optimism
Despite the positive tone and extensive policy recommendations, markets remained cautious. Bitcoin continues to trade just above $118,400, while Ethereum holds around $3,860. XRP, too, has remained flat, with prices consolidating after recent gains. Other top 10 cryptocurrencies, including BNB, Solana, Cardano, and Dogecoin, also showed minor declines or no significant changes.
There was an expectation of more immediate market rally, particularly after talk of the U.S. potentially using existing seized Bitcoin reserves or buying more through federal channels. Although Representative Bo Hines hinted at future accumulation, no clear announcement was made regarding official government purchases of Bitcoin.
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FAQs
The White House Crypto Report outlines a U.S. roadmap for clear crypto regulations, market structure, consumer protection, and blockchain innovation.
Despite the pro-crypto report, markets remained cautious with Bitcoin flat at $118K and Ethereum at $3,860, as traders awaited concrete policy implementation.
The White House declared plans to make the U.S. the “crypto capital of the world,” with support for DeFi, clearer rules, and national crypto growth.
The White House aims to make the U.S. the “crypto capital of the world” with pro-innovation policies while addressing security risks.
Yes 
No 
