tZERO Newsletter 07.23.2025

As part of Washington’s historic Crypto Week (July 14–18, 2025), lawmakers took a dramatic step toward defining the future of crypto in the US. At the center of the action is the CLARITY Act, short for the Digital Asset Market Structure Clarity Act, a long-anticipated bill designed to bring regulatory certainty to the digital asset space.
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US SEC to review ‘regulatory exceptions’ to promote tokenization…Is blockchain asset …
The US SEC announced that it is officially considering introducing new regulatory exception clauses to promote asset tokenization. The SEC emphasized that regulatory revisions and flexible exception clauses must be pursued together to expand the tokenized securities infrastructure.
Federal Reserve, OCC, FDIC outline expectations for bank digital asset custody
The US Federal banking regulators published a statement outlining their expectations for crypto-asset safekeeping by banks. They were keen to emphasize that it doesn’t “create any new supervisory expectations”, but outlines the risks that banks should take into account.
Chainlink Joins Forces With Blockchain Association To Support Adoption Of Asset…
The “Tokenized in America” program acts as a link that is set to further connect traditional financial instruments with the new decentralized world.
By assessing progress and utility of tokenized assets at the U.S. state level, this initiative offers clarity and promotes greater blockchain applications in public services and asset management. [Link to article]
Trump Backed WLFI Clarifies Token Unlocking, No New Private Sale – AInvest
World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by the Trump family, has issued a statement to address community concerns. The project team has clarified that no tokens belonging to the team, advisors, or co-founders will be unlocked at launch, and there will be no new private sale rounds.
Details of Ripple, Circle bank applications revealed. Sort of – Ledger Insights
Circle and Ripple have both applied to the Office of the Comptroller of the Currency (OCC) for national trust bank charters. Circle issues USDC, the second largest stablecoin with over $60 billion in market capitalization, while Ripple recently launched its RLUSD stablecoin. [Link to article]

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated on July 16 at Guildhall in London that the U.S. and U.K. should join forces to create a shared regulatory sandbox for digital assets, enabling cross-border experimentation in blockchain technology. She argued that such cooperation could bring clarity to projects now trapped in ambiguity.

The 14th consecutive week of gains by crypto funds saw a particularly strong performance from ether products, which registered around $2.12 billion, almost gaining parity with their bitcoin counterparts at nearly $2.2 billion.