What Happened Last Week in Crypto (7/13-7/20)
BTC all-time High: Bitcoin delivered a strong performance last week, surging to fresh all-time highs above $123,000, reflecting continued institutional momentum and macro tailwinds.
Altcoin Rally: Major altcoins followed suit, with SOL, ETH, and XRP posting notable gains. XRP notably jumped 54.43% in the last week, signaling renewed investor confidence across Layer 1 ecosystems.
GENIUS Act: Passing the House with bipartisan support (308 -122), the GENIUS Act made its way to President Trump’s desk on Friday and was officially signed into law. The GENIUS Act aims to establish a federal framework around stablecoins.
Crypto Week in Washington: Last week marked “Crypto Week” on Capitol Hill. The U.S. House leadership voted on several key crypto-related legislation, including the CLARITY Act and the Anti-CBDC Surveillance State Act. Both acts passed the House and are now on their way to the Senate for review.
Standard Chartered – Trading for Institutions: Last week, Standard Chartered announced they would be making a major step in crypto by launching a spot trading service for Bitcoin and Ethereum for their institutional clients, opening the door to digital assets under a regulated banking institution. (1)
JPM & Citigroup are jumping onboard: Last week, both JPM CEO Jamie Dimon and Citigroup CEO, Jane Fraser, said they were going to be getting involved in stablecoins. This comes during a time where law makers are embracing digital assets and creating new legislation around the crypto industry. (2)
*The above referenced discussions are noteworthy activities that happened during the week in crypto markets. Discussions should not be regarded as any type of trading recommendation, or as a signal about any past, current or future trading activity in any fund or strategy, by Franklin Templeton and its affiliates.
1. Source: “Standard Chartered Launches Spot Bitcoin and Ethereum Trading for Institutions.” Cointribune. July 16, 2025.
2. Source: “JPMorgan’s Dimon and Citigroup’s Fraser consider stablecoins in Wall Street crypto pivot.” AOL. July 15, 2025.

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