[This Week's Top Coin News] Senate Discusses XRP Commodity… End of 'Trump Tariff Waiver', etc.

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This week's major cryptocurrency news includes headlines covering various ecosystems and political domains.

Traders and investors can leverage the expected volatility this week to get ahead of upcoming developments.

Kaito Capital's Launchpad for Token Launch

As one of the major cryptocurrency news this week, Kaito will unveil a capital launchpad for token launch. According to Kaito founder Yu Hu, this launch is expected to drive significant revenue growth, and stakers are positioned to receive rewards.

will publish Q2 recap and Q3 outlook in early July
– Q2 was the biggest Q ever for Kaito
– Q3 we shall see the introduction of new products, new distribution, and new mechanisms of existing products

stay tuned for
– capital launchpad
– relaunch of Kaito Connect (new…

— Yu Hu 🌊 (@Punk9277) July 2, 2025

According to Yu Hu's claim, the mechanism of this launchpad may include staking KAITO tokens. Ecosystem participants are likely to monitor good distribution, and the ecosystem can reward participation.

Those who joined Kaito after the controversial first airdrop may not have sufficient tokens. Similarly, those who joined much later may not hold any KAITO tokens at all.

To attract this new group of Kaito users to the upcoming Kaito capital launchpad, it would be reasonable to airdrop some KAITO tokens. This can activate a larger pool of Kaito participants.

New Yapper Leaderboards are cool but,

Just me waiting patiently everyday for @KaitoAI's Capital Launchpad and new Kaito Connect to drop.

Kaito-Aligned 💚🌊 pic.twitter.com/zo9W9BgANs

— vanxyrus 🌊 (@0xVanxyrus) July 7, 2025

According to BeInCrypto data, the KAITO token is currently trading at $1.53, down 0.41% in the last 24 hours.

KAITO Price Performance
KAITO Price Performance. Source: BeInCrypto

Senate Discusses Token Commodity Status

Traders can also get ahead of the U.S. Senate's discussion on token commodity status. On Wednesday, July 9, the U.S. Senate will discuss whether tokens like XRP can be recognized as digital commodities under U.S. law.

MARK YOUR CALENDARS:This July 9, the Senate takes up the question: can tokens like XRP be officially recognized as digital commodities?

A critical turning point, if greenlit, it could open the floodgates for altcoin spot ETFs before year's end.

Posted in collab with the CoinEx… pic.twitter.com/ZAWL0qOwQZ

— Formanite (@formanite602) July 6, 2025

Legislators will review the fundamental characteristics of these tokens and more closely evaluate their similarities to traditional commodities. The Senate will also assess whether they meet the necessary criteria for this classification.

If the Senate recognizes tokens like XRP as digital commodities, it could trigger a wave of new financial products. There is a general consensus that this could play a crucial role in approving altcoin ETFs.

These developments would allow investors to directly expose themselves to altcoins through regulated investment vehicles. This could inject billions of dollars of institutional capital into the market and significantly promote mainstream adoption.

SOL community members are facing similar challenges in the Solana ETF race, and SEC Commissioner Hester Peirce said that regulators need more persuasion before approving financial products.

Amid questions about what regulators consider securities, Solana must meet the SEC's strict regulatory requirements. Demonstrating that Solana can successfully operate in a globally regulated environment could help with U.S. approval.

This includes compliance with financial regulations, anti-money laundering (AML), and know-your-customer (KYC) protocols. It must also demonstrate strong market demand, liquidity, and secure custody solutions.

Meanwhile, VanEck's Head of Research Matthew Sigel believes the Ethereum ETF makes Solana suitable for the same market. This is based on the assumption that the same qualities recognizing ETH as a commodity would apply to SOL.

Trump's 90-Day Tariff Negotiation Ends

From a U.S. macroeconomic perspective, the end of Trump's 90-day tariff negotiation is also a major cryptocurrency news this week. In May, the U.S. and China reached a trade agreement announcing a 90-day pause, with both countries cutting tariffs by 115%.

The US and China have reached a trade agreement on a 90-day pause:

Both countries will cut tariffs by 115%

US: 145% ➡️ 30%
China: 125% ➡️ 10%

Bessent the Benevolent!pic.twitter.com/ChaBeTTX4E

— Geiger Capital (@Geiger_Capital) May 12, 2025

Previously, there was another tariff pause on April 2, and NBC reported that high tariff rates could resume after the 90-day pause ends.

Market participants in traditional and speculative sectors are curious about what will happen next.

If you want to understand how big Trump's tariff war has failed, just look at what's now being reported 👇

In April, Trump proudly boasted that "everybody wants to make a deal" and it was possible for 90 deals in 90 days.

The reality? Over 100 countries didn't even bother to… pic.twitter.com/MMU5TKuKBO

— Cyrus Janssen (@thecyrusjanssen) July 6, 2025
As President Trump's 90-day tariff grace period ends, attention is focused on whether new trade sanctions will impact the market. Despite large-scale increase threats, global investors seem unperturbed, raising concerns about whether tariffs are still significant. FOMC Meeting Minutes, Cryptocurrency Tax Policy Hearing BeInCrypto reported two U.S. economic signals that could influence Bitcoin prices this week. In addition to the FOMC meeting minutes from May, the U.S. House of Representatives is scheduled to hold a digital asset tax policy hearing on Wednesday. The House aims to establish a tax framework for Bitcoin and cryptocurrencies, aligning with President Trump's plan to make the U.S. the world's cryptocurrency capital. Ripple CEO Brad Garlinghouse is one of the witnesses expected to speak at the U.S. Senate Banking Committee. This session represents a crucial first major step in restructuring cryptocurrency taxation, regulation, and adoption. This could potentially be a gateway to unlocking trillions of dollars in capital and meeting all institutional investor considerations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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