President Donald Trump signed an executive order Thursday prohibiting federal regulators from enabling financial institutions to deny services based on political beliefs, religious beliefs, or lawful business activities such as crypto services. White House: &#8216;The Trump Administration Has Already Ended Operation Chokepoint 2.0&#8217; According to the Fact Sheet release, the order directs federal banking regulators […]

Trump Bans Debanking, Citing ‘Digital Asset Industry’ Targeting

Ethereum price found support near the $3,650 zone and started a fresh surge. 
ETH is rising and might soon aim for a move above the $3,920 zone. Ethereum 
started a fresh increase above the $3,750 and $3,800 levels. The price is 
trading above $3,800 and the 100-hourly Simple Moving Average. There is a 
bullish trend line forming with support at $3,820 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
remains supported above the $3,750 zone in the near term. Ethereum Price Gains 
Over 5% Ethereum price started a fresh increase from the $3,650 support zone, 
beating Bitcoin. ETH price was able to recover above the $3,720 and $3,750 
resistance levels. The bulls even pushed the price above the $3,850 resistance 
zone. Finally, the price tested the $3,920 resistance zone. A high was formed 
at $3,927 and the price is now consolidating gains above the 23.6% Fib 
retracement level of the upward move from the $3,544 swing low to the $3,927 
high. Ethereum price is now trading above $3,800 and the 100-hourly Simple 
Moving Average. There is also a bullish trend line forming with support at 
$3,820 on the hourly chart of ETH/USD. On the upside, the price could face 
resistance near the $3,920 level. The next key resistance is near the $3,950 
level. The first major resistance is near the $4,000 level. A clear move above 
the $4,000 resistance might send the price toward the $4,220 resistance. An 
upside break above the $4,220 resistance might call for more gains in the 
coming sessions. In the stated case, Ether could rise toward the $4,350 
resistance zone or even $4,500 in the near term. Are Dips Limited In ETH? If 
Ethereum fails to clear the $3,920 resistance, it could start a fresh decline. 
Initial support on the downside is near the $3,820 level. The first major 
support sits near the $3,800 zone. A clear move below the $3,800 support might 
push the price toward the $3,735 support. Any more losses might send the price 
toward the $3,680 support level in the near term. The next key support sits at 
$3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $3,735 Major Resistance Level – $3,920

Ethereum Price Momentum Explodes – $4K Could Be Next

The US markets have seen a surge of digital coins. Millions of Americans now 
hold tokens in their wallets. Blocking all of it suddenly would be nearly 
impossible. At the same time, leaving this sector with no rules puts everyday 
investors in harm’s way. Related Reading: Bitcoin Insult Alert: Pro Trader 
Dubs HODLers ‘Idiots,’ Saylor Fires Back Why Ban Is Off The Table According to 
Bloomberg columnist Matt Levine, outright banning crypto is off the table. He 
points out that tens of millions of people own digital assets today. Pulling 
the plug now would ripple through trading platforms, payment apps, and even 
major Wall Street firms. Levine argues that such a move would simply drive 
innovation and jobs offshore. Hostile Past Still Looms Under former SEC Chair 
Gary Gensler, most tokens were treated as stocks. That meant they needed to 
register under securities laws—a process that almost no project could clear. 
In practice, that stance rendered crypto “illegal” in the US. Many developers 
and investors felt shut out. Matt Levine: “We will ban crypto” is no longer 
feasible for the SEC, and “we will ignore crypto because it’s not a security 
so not our problem” is not very attractive for the SEC. The only choice left 
is “we will regulate crypto, but in a way that you like. 
pic.twitter.com/hBFXTmMnh5 — Sar Haribhakti (@sarthakgh) August 7, 2025 
According to analysts, crypto serves two purposes: it powers networks and it 
offers investment chances. That split role creates regulatory headaches. Many 
tokens act much like shares in a company, yet they also run on open software 
and community rules. The SEC knows how to protect stock investors, but digital 
coins need different safeguards. Project Crypto Signals Change Current SEC 
Chair Paul Atkins launched “Project Crypto” this year. The goal is to carve 
out faster, clearer paths for token registration. Projects that truly function 
as securities could follow a new, streamlined process. At the same time, 
tokens used mainly for network services would face lighter requirements. 
Related Reading: Bitcoin Remains ‘Undefeatable’, Tether Chief Says Levine 
warns that drawing clear lines won’t be easy. How do you tell a governance 
token from a pure utility token? What level of disclosure makes sense when 
code can update itself overnight? Those questions will test regulators and 
industry alike. However, having defined categories would guide honest 
developers and protect small investors. The SEC now faces a clear choice: use 
its power, but adapt its toolkit. A full ban would leave retail holders 
stranded. Total hands-off would leave them exposed to fraud. Featured image 
from Meta, chart from TradingView

Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says

Two sweeping executive orders promise to transform U.S. finance, with 
President Donald Trump fortifying banking freedoms and unlocking 
cryptocurrency access in retirement accounts for millions seeking greater 
diversification and financial independence. 2 Executive Orders Could Reshape 
US Finance With Banking Protections and Crypto in Retirement White House 
crypto czar David Sacks highlighted on Aug. 7 […]

Trump Signs 2 Executive Orders That Could Boost Crypto Markets

Miran&#8217;s appointment could influence Fed policies towards more crypto-friendly 
stances, potentially impacting future economic innovation and growth.
The post Trump taps Bitcoin advocate Stephen Miran as temporary Fed governor 
appeared first on Crypto Briefing.

Trump taps Bitcoin advocate Stephen Miran as temporary Fed governor

Bitcoin price is again rising above the $115,500 zone. BTC is now 
consolidating and might aim for a move toward the $120,000 resistance zone. 
Bitcoin started a fresh increase above the $115,500 zone. The price is trading 
above $115,500 and the 100 hourly Simple moving average. There is a key 
bullish trend line forming with support at $115,600 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might start another increase if 
it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin 
price found support near the $112,200 zone and started a fresh increase. BTC 
was able to climb above the $113,500 and $114,800 resistance levels. The price 
even cleared the $115,500 resistance to move into a positive zone. Finally, 
the price tested the $117,500 resistance zone. A high was formed at $117,643 
and the price is now consolidating gains above the 23.6% Fib retracement level 
of the upward move from the $112,629 swing low to the $116,643 high. Bitcoin 
is now trading above $115,000 and the 100 hourly Simple moving average. There 
is also a key bullish trend line forming with support at $115,600 on the 
hourly chart of the BTC/USD pair. Immediate resistance on the upside is near 
the $117,200 level. The first key resistance is near the $117,500 level. The 
next resistance could be $118,250. A close above the $118,250 resistance might 
send the price further higher. In the stated case, the price could rise and 
test the $119,200 resistance level. Any more gains might send the price toward 
the $120,000 level. The main target could be $121,500. Another Drop In BTC? If 
Bitcoin fails to rise above the $117,500 resistance zone, it could start 
another decline. Immediate support is near the $116,450 level. The first major 
support is near the $115,600 level and the trend line. The next support is now 
near the $114,550 zone or the 61.8% Fib retracement level of the upward move 
from the $112,629 swing low to the $116,643 high. Any more losses might send 
the price toward the $113,800 support in the near term. The main support sits 
at $112,500, below which BTC might continue to move down. Technical 
indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 
level. Major Support Levels – $115,600, followed by $114,550. Major Resistance 
Levels – $117,500 and $118,250.