In terms of blockchain’s mainstream advances, July was a month in which that Hemingway quote about ‘gradually, then suddenly’ felt bang-on.

The U.S. House passed three digital asset bills, including the stablecoin-focused GENIUS Act that President Trump signed into law. Tradfi banks and corporates were already ramping up their stablecoin initiatives and this will only accelerate going forward.

Even banks that aren’t prepping in-house stablecoins are moving forward with alternatives like tokenized money market funds, offering investors greater flexibility and access.

goldmansachs.com/pressroom/pres…

The House also passed a digital asset market structure bill and the Senate followed with their own market structure discussion draft. Lots of stakeholder squabbling lies ahead but events are moving at a pace that would have seemed impossible a few years ago.

The House-approved anti-CBDC bill seems redundant. The Bank of England recently lost faith in its CBDC project, joining Canada, South Korea and others. Meanwhile, nations that don’t listen to their citizens (China, Russia) are pressing forward. Things that make you go hmm….

bloomberg.com/news/articles/…

America’s new welcoming environment convinced Telegram to open its TON Wallet to U.S. customers, bringing self-custodial transactions to a U.S.-facing social platform for the first time.

cnbc.com/2025/07/22/tel…

Progress isn’t limited to America. According to recent filings, Saudi Arabia’s blockchain corporate registrations spiked 51% in Q2. Ghana’s central banker plans to license blockchain operators. Nigeria’s securities regulator wants to license stablecoin issuers. The dams are breaking.

zawya.com/en/business/di…

bloomberg.com/news/articles/…

thecable.ng/nigeria-open-t…

So far, the blockchain solutions enjoying the most benefit are financial in nature, but my hope is that more data-driven solutions (supply chain management, IP rights management, etc.) will be able to take root in this newly receptive environment.

(Disclosure: I hold positions in several digital asset infrastructure companies and projects, including those in the BSV blockchain ecosystem. Nothing in this post should be considered financial advice)

Calvin Ayre
1 de agosto de 2025
https://x.com/CalvinAyre/status/1951264699065999490?t=Oz6mEzWt0JcofOm8zI1Jfg&s=19

https://t.me/CalvinAyre/985

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