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Donald Trump Nominates Pro-Bitcoin Miran as Fed Governor

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President Donald Trump has appointed Dr. Stephen Miran to a temporary seat on the Federal Reserve Board. Miran will serve until January 31, 2026, filling a seat recently vacated. Trump noted that a search for a permanent replacement is ongoing.

Donald Trump Taps Crypto-Savvy Economist for Key Role

The announcement was revealed by the official Trump 47 White House account on X. Stephen Miran is currently Chairman of the Council of Economic Advisors.

He holds a Ph.D. in Economics from Harvard University. Trump praised his performance during both terms, calling his economic expertise “unparalleled.”

Trump said Miran had served with distinction during his first administration and remained by his side in the current term. “He will do an outstanding job,” Trump stated.

However, the appointment also drew attention from crypto analysts. Matthew Sigel, Head of Digital Assets Research at VanEck, highlighted an old post from Miran. “Too bad I couldn’t get my shorts filled on those Bitcoin ETFs before they were all zeroed,” Miran posted at the time.

This tweet indicates that Miran would favor crypto investment products and has an understanding of this market dynamics. Before serving as head of the Treasury and White House, Miran had been in various positions contributing to financial regulations and economic strategy.

His views on market liberalization and digital assets are expected to influence policy if confirmed permanently. The temporary appointment gives the Trump administration more time to consider a long-term successor while maintaining influence over monetary policy.

Trump Eyes Fed Shake-Up with Crypto Ally

In parallel, Trump’s advisers are eyeing another shift at the top of the Federal Reserve. Governor Christopher Waller has emerged as the preferred candidate to replace Jerome Powell as Fed Chair.

This nomination follows a wave of pro-crypto signals from the Donald Trump administration. Earlier, Trump signed executive orders allowing 401(k) plans to include crypto and banning ideological debanking.

Miran’s entry into the Fed comes amid growing interest in the role of digital assets in monetary systems. His prior Bitcoin ETF remark could shape public expectations about his stance on crypto-related regulation.

The nomination now awaits formal review. Until then, Stephen Miran will represent Trump’s policy direction on the Federal Reserve Board.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.





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Timeline, Turning Points, and the Final Verdict

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4 hours ago

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August 9, 2025

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The Ripple vs. SEC lawsuit is one of the biggest and most intense battles in the history of the crypto market, keeping investors, regulators, and service providers on the edge of their seats. Beginning with a courtroom clash to doubts over Ripple’s functioning and the credibility of the crypto industry, this XRP lawsuit did major damage, but that’s not relevant anymore. Let’s discuss.

What is the Ripple vs SEC Lawsuit?

The Ripple vs SEC lawsuit is the legal battle between the prominent technology company, Ripple, and the U.S. regulators, the SEC. It is one of the most watched legal battles and ran for a four-year course, shaping the status of digital assets. More importantly, it impacted the XRP price majorly, crashing it to $0.5, but the same is worth $3.33 as the case ends.

It is a prominent case, where it became the core of the distinction between the status of digital assets between Securities and commodities. In this, SEC claims that XRP is a security, whereas Ripple defends it as “not a security.’

It matters as it was the SEC’s first case among the top cryptocurrencies by market cap. Its results would shape the crypto regulation and more.

Key Timelines, Turning Points, and the Final Verdict of the Ripple vs SEC Lawsuit

It all began on December 22, 2020, when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the blockchain firm behind XRP. Along with the company, CEO Brad Garlinghouse and co-founder Chris Larsen were pulled into a lawsuit, as the SEC alleged that their sale of XRP constitutes an unregistered offering.

As the case unfolded, it turned into more than a dispute between a company and the regulator. Instead, the entire crypto market got pulled into it, impacting the prices of digital assets on multiple occasions.

2021 – Ripple Fights Back

Notably, the Ripple vs SEC lawsuit became a high-profile case in 2021, when Ripple responded with a motion to dismiss. During January 2022, the court ruled that XRP sales were a security transaction. However, in the same year, in April, Judge Analisa Torres ruled that they do not qualify as securities offerings.

And the case continues for three more years, with 2023 becoming the year of discovery and deposition. This year, both parties exchanged internal documents. Moreover, Ripple pressed on the treatment of XRP as currency and argued on the lack of the SEC’s regulatory clarity, citing the SEC’s internal emails and inconsistent cryptocurrency classification within their team.

2024 – XRP Lawsuit Trial Begins

The trials began in late 2024, witnesses were presented, and the experts’ testimonies drove the court hearings. At this point, the case neared its end, but the court imposed a $125 million penalty on Ripple for institutional sales violations. However, they denied the SEC’s demand for disgorgement of profits and limited Ripple’s financial liability.

The Ripple win became more significant when the SEC reportedly abandoned its appeal in March 2025. By March 8, 2025, the XRP lawsuit officially concluded as both sides dropped their appeal, and Ripple agreed to pay $50 million.

August 2025 – Lawsuit Ends

Now, Ripple vs SEC officially ends on August 7, as confirmed by Ripple’s Chief Legal Officer. More importantly, Judge Analisa Torres’ ruling also ruled that XRP is not a security.

Frequently Asked Questions (FAQs)

The lawsuit is about the SEC accusing Ripple of conducting unregistered securities offerings, which Ripple denies.

The lawsuit is the SEC’s major case against a top cryptocurrency, and its outcome could impact the crypto regulation in the U.S.

The final verdict is that ‘XRP is not a security.’

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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.

Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.

Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.

When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.





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Binance Transfers Massive Ethereum, Price Breaks $4K

Published

10 hours ago

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August 8, 2025

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Ethereum surged above $4,000 today. It remained above this level even as Binance moved tens of thousands of ETH to market maker Wintermute.

Binance’s Ethereum Transfers to Wintermute Spark Market Concerns

Data from Arkham Intelligence shows Binance hot wallets sent thousands of ETH to market maker Wintermute within hours of the price surge.

The transactions began with steady flows of 250 to 500 ETH per transfer. Larger movements followed, including single transactions exceeding 1,800 ETH. One of the biggest recorded was over 3,000 ETH, worth more than $12 million at current price.

The transfers went to Wintermute-linked addresses across Bybit, Kraken, Gate, and its own market-making wallets. In less than seven hours, the combined outflows from Binance to Wintermute exceeded tens of thousands of ETH.

The timing aligned closely with when Ethereum price move from the $3,800 range to above $4,055, a level not seen in months. The rally stalled shortly after the outflows began. This was the same time that the price was retreating after reaching this high price level.

Wintermute is a top crypto market maker, which is why the transfers became the focus of attention. In most instance, these acts are usually succeeded by massive changes in liquidity or market positioning.

When large amounts of ETH are transferred out of exchange wallets to market maker wallets, it may signal that high-volume trades are about to happen. This move coincides with other Ethereum ecosystem developments. For instance, SharpLink secured a $200 million raise to increase its Ethereum treasury to over $2 billion.

Sustained selling might limit the short-term gains of Ethereum even though it has just broken above the $4000 level. On the other hand, if the ETH is mainly for liquidity provision, the rise may be stable.

Price Remains Above $4,000

According to the TradingView data, Ethereum price is currently up by 4.33% within 24 hours. It has gained 26% in volume, which is worth $46.86 billion.

Ethereum remained just above $4,030, holding most of its daily gains but showing increased volatility. The next sessions will determine if the $4,000 level acts as new support or a temporary peak.

an image describing Ethereum price chartan image describing Ethereum price chart
Source: TradingView

Ted Pillows, a market analyst, highlighted the correlation. He claimed that Binance had been “aggressively selling” in the past hour, dragging the price down.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.





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VivoPower to Gain XRP Exposure at $0.47 per Token via Ripple Share Purchase

Published

16 hours ago

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August 8, 2025

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Nasdaq-listed VivoPower has come up with a cost-effective means to boost its XRP treasury. The company announced plans to buy Ripple shares, a move that effectively gives it more exposure to the altcoin since Ripple is the largest holder of the token.

VivoPower To Purchase $100M Ripple Shares, Buying XRP For $0.47

In a press release, the Nasdaq-listed company announced that it is acquiring Ripple shares, with an initial $100 million purchase, as part of its strategic enhancement of its XRP-focused treasury strategy. VivoPower noted that with this move, it will effectively be buying the altcoin at an implied price of $0.47 per token.

The company had earlier announced plans to launch an XRP treasury following a $121 million raise in May. Following that, the company proceeded to invest $100 million in XRP on Flare Network as part of its plan to generate yields from its holdings.

Now, buying Ripple shares is VivoPower’s latest strategy to gain XRP exposure, and at a discounted price this time around. The company revealed that the plans to acquire $100 million shares encompass definitive agreements directly with current Ripple shareholders.

The deal is still subject to final approval from the crypto firm’s executive management. Besides this transaction, VivoPower plans to continue acquiring and holding XRP tokens directly. Meanwhile, with this latest move, the company remarked that it will become the first and only publicly listed company in the U.S. that provides shareholders with exposure to Ripple shares and XRP tokens.

Reasons For Buying Ripple Shares

In the release, VivoPower also explained the rationale behind its plan to purchase Ripple shares. It noted that the crypto firm is the largest holder of XRP tokens with 41 billion tokens worth $135 billion at the current XRP price.

The company further stated that it has the opportunity to acquire the shares at a weighted average valuation of approximately $19 billion, which represents an 86% discount to Ripple’s $135 billion XRP holdings. It added that this value excludes the rest of the crypto firm’s business units, including its RLUSD stablecoin.

Therefore, this implies that it would be buying XRP tokens at an implied price of $0.47 per token. Besides the opportunity to gain exposure to the altcoin at a discounted price, VivoPower also suggested that it is bullish on Ripple’s trajectory.

VivoPower noted that the crypto firm has a growing stablecoin business and that it recently partnered with BNY Mellon for the latter to provide custody services for its RLUSD reserves. The Nasdaq-listed company stated that a comparable business with Ripple is USDC issuer Circle, which went public this year.

Additionally, VivoPower stated that Ripple has other business units, including the digital asset prime broker, Hidden Road, and crypto custodians MetaCo and the Standard Custody & Trust Company. The crypto firm also recently announced plans to acquire stablecoin platform Rail.

It is also worth mentioning that Ripple is now in the clear from a regulatory perspective. The crypto firm and the SEC filed a joint dismissal of the XRP lawsuit on August 7, ending the 5-year legal battle.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.

Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing.

Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.



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