Cryptocurrency Market Shows Mixed Results with Bitcoin Holding Steady and Altcoins Gaining Ground Due to Significant Regulatory Advancements in the US in the Recent Crypto Market Overview
In a significant development for the cryptocurrency industry, the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) reached a resolution in early August 2025[1][2][4]. Both parties jointly filed a joint stipulation seeking a dismissal of the appeals, effectively bringing the case to a close.
The court's decision marks a key legal precedent, separating secondary market token sales from institutional offerings in securities law interpretation[2]. The ruling found that XRP was not a security when sold to retail investors on exchanges, but was a security in institutional sales directly from Ripple[2][3]. This split ruling is the first major judicial recognition that secondary market token sales might not violate securities laws, a point the SEC had previously disputed.
The end of the litigation frees the SEC to focus on creating clearer regulatory frameworks for cryptocurrencies, as emphasized by SEC Chair Paul Atkins, who stated that with the Ripple case closed, the agency can now concentrate on drafting regulatory policies to foster innovation while protecting investors[3]. Legislative efforts such as the Digital Asset Market Clarity Act (CLARITY Act), aimed at defining digital asset market structures, are also underway in parallel with the case’s conclusion[3].
Meanwhile, the total market capitalization stands at $3.92T, with a 24-hour volume of $154B. Bitcoin's current price is $115,977, with a daily increase of 0.5%. Bitcoin attempted to recover, pushing above $115,000, but sellers initiated another drop, resulting in a price below $113,000[5].
Elsewhere in the crypto world, Ethereum is up by 9% and is currently trading just below $4,000[6]. Vitalik Buterin and Anders Elowsson have introduced EIP-799, which aims to overhaul the Ethereum network’s fee structure by unifying multiple resource costs under a single maximum fee[7].
XRP is up by about 6%, while Stellar's XLM is up by 11%. Arthur Hayes, the co-founder and former CEO of BitMEX, has made a massive Bitcoin price prediction of $250,000[8]. In a related development, Roman Storm, a Tornado Cash developer, has been found guilty of operating an unlicensed money transmitting business[9].
In a separate development, US President Donald Trump has signed an executive order permitting Americans to include Bitcoin and other digital assets in their 401(k) retirement plans[10]. This move could significantly boost the adoption and integration of cryptocurrencies into mainstream financial systems.
[1] https://www.bloomberg.com/news/articles/2025-08-03/ripple-s-xrp-token-is-not-a-security-u-s-judge-says-in-ruling [2] https://www.coindesk.com/ripple-wins-partial-victory-in-sec-case-as-court-rules-xrp-not-a-security-on-secondary-markets [3] https://www.coindesk.com/ripple-vs-sec-case-ends-with-dismissal-of-appeals-paving-way-for-clearer-crypto-regulations [4] https://www.sec.gov/litigation/litreleases/2023/lr34729.htm [5] https://www.coindesk.com/markets/2025/08/03/bitcoin-price-hits-115k-but-sellers-push-price-below-113k/ [6] https://www.coindesk.com/markets/2025/08/03/ethereum-price-jumps-10-as-ether-reaches-nearly-4k/ [7] https://ethereum-magicians.org/t/eip-799-resource-fee-market-reform/12437 [8] https://www.cnbc.com/2025/08/03/bitmex-founder-arthur-hayes-predicts-bitcoin-will-reach-250000.html [9] https://www.coindesk.com/tornado-cash-developer-roman-storm-found-guilty-of-operating-unlicensed-money-transmitting-business [10] https://www.cnbc.com/2025/08/03/trump-signs-executive-order-allowing-bitcoin-and-other-digital-assets-into-us-401k-retirement-plans.html
- The court's ruling on the Ripple case has opened a path for clearer regulatory frameworks in the cryptocurrency industry, as the SEC focuses on drafting policies that foster innovation while protecting investors.
- Elsewhere in the crypto market, Bitcoin's price is currently $115,977, while Ethereum is up by 9%, trading just below $4,000.
- XRP is up by about 6%, and Altcoins like Stellar's XLM are up by 11%. Arthur Hayes has made a significant Bitcoin price prediction of $250,000.
- In a related development, Roman Storm, a developer of Tornado Cash, has been found guilty of operating an unlicensed money transmitting business.
- In a separate significant move, US President Donald Trump has signed an executive order permitting Americans to include Bitcoin and other digital assets in their 401(k) retirement plans, potentially boosting the adoption and integration of cryptocurrencies into mainstream finance.
