Recently, several notable developments have emerged in the American financial sector. Firstly, Wyoming has launched the Frontier Stable Token, which is the first fully collateralized US dollar stablecoin issued by a public entity and has been issued on seven blockchains. This initiative marks a deep integration of TradFi and Blockchain technology.

At the same time, discussions within the Federal Reserve regarding monetary policy have also attracted attention. At the meeting in July 2025, members such as Bowman and Waller suggested lowering interest rates, indicating differing views among decision-makers on the economic outlook.

On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has postponed decisions on multiple cryptocurrency ETFs until October 2025, involving XRP, Solana, and the Bitcoin-Ethereum fund related to Truth Social. This decision reflects the cautious attitude of regulators when facing emerging financial products.

It is worth noting that Federal Reserve Vice Chair Michelle Bowman delivered a speech supporting cryptocurrencies, calling for banks to adopt crypto technology and advocating for clear and targeted regulatory rules. This indicates that senior decision-makers are beginning to recognize the potential value of cryptocurrencies in the financial system.

At the same time, the renowned investment firm Ark Invest continues to increase its holdings in cryptocurrency-related assets, demonstrating the sustained confidence of institutional investors in this field. These developments collectively paint a complex picture of the balance between financial innovation and regulation in the United States, highlighting the increasingly important position of cryptocurrencies and Blockchain technology in mainstream finance.