Bitcoin (BTC) is currently trading at about 50% of its all-time high. XRP (XRP) has decreased approximately 73% from its peak value. Four key events this week may influence whether either cryptocurrency breaks out of this stagnation.
Both cryptocurrencies experienced a decline over the past week. Notable events include a presidential meeting on crypto in Washington, the release of Federal Reserve minutes, and the launch of a new regulatory panel. Additionally, Japan is set to announce two critical data points.
1. Trump to Meet with Crypto Leaders at the White House This Wednesday
Trump is anticipated to be present at the meeting in person, which will also include the heads of key U.S. regulatory bodies. Paul Atkins leads the Securities and Exchange Commission (SEC) while Michael Selig oversees the Commodity Futures Trading Commission (CFTC).
Notable attendees from the cryptocurrency sector, such as executives from Coinbase, Ripple, Kalshi, and Polymarket, are included on the guest list. The latter two companies specialize in prediction markets, where users exchange contracts based on real-world developments.
A single stalled piece of legislation looms over the meeting. The Digital Asset Market Clarity Act would clarify which regulatory body governs which cryptocurrency.
This bill was passed in the House on July 17, 2025, with a vote of 294 to 134. Every Republican supported it, alongside 78 Democrats.
However, that backing has not extended to the Senate, where the bill needs a supermajority of 60 votes. Lawmakers ended August recess without scheduling a vote, deferring any decision until September.
XRP has closely followed this bill’s journey more than any other significant cryptocurrency. Its peak value of $3.65 was attained shortly after that House vote.
Since that time, the token has plummeted approximately 73%, now holding just above $1 at $1.01.
2. Fed Minutes Might Reconfigure Rate Trajectories for Bitcoin and XRP
The minutes from the Federal Reserve’s July meeting will be released at 2 p.m. ET on Wednesday, addressing the period when the Fed kept interest rates between 3.5% and 3.75%.
The voting outcome was 9-3, with three members advocating for a quarter-point increase—an unusual divergence at a single meeting.
Market participants are skeptical about an imminent increase, as Fed funds futures suggest approximately a 32% chance of a rate hike in September.
If the minutes indicate stronger support for tightening, it could shift these odds. Increased rates typically withdraw investment from risky assets, with crypto being one of the most vulnerable.
On Friday, another report will surface. S&P Global will issue preliminary surveys of U.S. business activities at 9:45 a.m. ET, based on initial responses.
Weak data points may reignite discussions of an economic slowdown, whereas stronger figures could reinforce any hawkish tone suggested by the minutes.
3. The CFTC Hosts Its Inaugural Crypto Panel on Thursday
The CFTC’s Innovation Advisory Committee is set to convene at 1 p.m. ET in Washington. This session will be streamed live and marks the committee’s first meeting.
The panel, comprising 35 members, illustrates the stakes involved. Leaders from major crypto firms like Coinbase, Ripple, Kraken, and Gemini will sit alongside executives from CME Group, Nasdaq, and Intercontinental Exchange.
