According to @cas_abbe, a constructive outlook for crypto markets in the second half of 2025 is fueled by an improving macroeconomic backdrop and significant regulatory progress. A Coinbase Research report highlights that stronger U.S. growth, indicated by the Atlanta Fed’s GDPNow tracker jumping to 3.8% QoQ, and expectations of Federal Reserve rate cuts are strengthening investor sentiment for Bitcoin (BTC). The report suggests BTC is poised to benefit from these tailwinds, even as altcoins may lag without specific catalysts. On the regulatory front, the GENIUS Act for stablecoins and the CLARITY Act to define SEC and CFTC oversight are advancing, with rulings on over 80 crypto ETF applications potentially arriving by October. Separately, U.S. Senator Cynthia Lummis is pushing a tax amendment to waive taxes on crypto transactions under $300 and, crucially for traders and investors, to tax staking and mining rewards only when the assets are sold, not upon acquisition. This could significantly simplify tax obligations and encourage wider crypto adoption.

According to @WhiteHouse, the United States is advancing towards a comprehensive federal regulatory framework for digital assets to provide clarity for investors and innovators. Key legislative efforts include the House-passed FIT21 Act, which aims to classify digital assets and define the roles of the SEC and CFTC, and the CLARITY Act, which establishes a functional framework for digital asset classification and consumer protection. Separately, an amendment from Senator Lummis proposes significant tax changes, including waiving taxes on crypto transactions below $300 and altering the tax treatment of staking and mining rewards to be taxed only upon sale, not acquisition. This change, sought by industry groups, would align tax policy with actual income realization for validators and miners. The amendment also seeks to close the wash-sale loophole used for tax-loss harvesting. Amidst these regulatory developments, Solana (SOL) is trading around $154.84, while Cardano (ADA) is near $0.5726, with both assets showing strength against Bitcoin (BTC) in their respective trading pairs.