Crypto News: The ‘Biggest Runs of All Time’ is Coming in July — Here’s What to Watch For

Key Insights:

• Trump administration pushes for crypto tax amendments in the upcoming bill vote.
• Federal Reserve chair replacement could cut rates to 1% boosting markets.
• Stablecoin legislation is expected to be finalized by mid-July, according to Besson.

In one of the latest crypto news reports, analyst Dan Gambardello examines upcoming legislative developments. They could trigger major market movements in July.

The analyst discusses potential crypto tax reforms, Federal Reserve policy changes, and stablecoin regulation as catalysts for altcoin breakouts.

Trump Administration Pushes Crypto Tax Amendments

Dan Gambardello highlighted crypto news regarding amendments to the “big beautiful bill” being voted on, with crypto tax provisions remaining on the table despite last-minute disagreements on Sunday.

Eleanor reports that the White House has learned of these developments and is pushing for inclusion of Senator Lummis language in the final legislation.

The proposed crypto tax reforms focus on two primary areas rather than complete capital gains elimination. The first provision would eliminate capital gains taxes on crypto transactions under $600 or less, providing relief for smaller cryptocurrency transactions and everyday usage scenarios.

The second amendment addresses double taxation on staking rewards. Notably, the investors currently pay income tax on staking rewards and then capital gains tax again when selling the appreciated cryptocurrency.

This reform would prevent the double taxation scenario affecting staking participants across various proof-of-stake networks.

Gambardello acknowledges these measures as steps in the right direction while noting broader tax reform may require patience from the current administration. The analyst stated:

The crypto news surrounding tax amendments creates immediate policy implications for cryptocurrency adoption and usage. Particularly, it might aid retail investors to conduct smaller transactions and participate in staking protocols across various blockchain networks.

Federal Reserve Policy Shift Could Trigger Massive Market Runs

Gambardello discusses crypto news regarding President Trump actively calling for interest rate cuts as low as 1% while stating intentions to replace Fed Chair Jerome Powell. Treasury Secretary Besson confirms they are working to select Powell’s replacement within the coming weeks or months.

Meanwhile, current market conditions show stocks, real estate, US debt, and Bitcoin all at all-time highs, creating compressed conditions ahead of potential monetary policy shifts.

The analyst anticipates that if the new Fed chair cuts rates to 1%, markets could witness one of the biggest runs of all time across stocks, real estate, and cryptocurrency sectors.

This policy shift follows years of quantitative tightening, with market participants waiting for the business cycle to shift toward monetary expansion and money printing resumption.

Gambardello attributes much of the altcoin lag to delays in these macroeconomic developments, noting that industry participants have been confused by extended consolidation periods.

The combination of ultra-low interest rates and monetary expansion could create conditions for massive liquidity flows into cryptocurrency markets.

Traditional finance integration continues accelerating, with platforms like Kraken launching tokenized US equities and 60 US stocks becoming tradable on-chain with 24/7 availability, shifting power from institutions to individual traders.

Stablecoin Legislation Signals July Breakout Potential

Treasury Secretary Besson indicates crypto news that stablecoin legislation could reach finalization by mid-July, just weeks away from current timelines. This regulatory clarity would unlock massive stablecoin liquidity flows into cryptocurrency markets, creating infrastructure for institutional adoption and everyday usage scenarios.

The US SEC acknowledges amendments to convert Grayscale Digital Large Cap Fund into an ETF covering Bitcoin, Ethereum, XRP, Solana, and Cardano. This product also provides additional institutional exposure to leading cryptocurrencies beyond the current Bitcoin and Ethereum ETFs.

Gambardello views the technical setup of Ethereum as a significant timing signal for altcoin breakouts, noting daily moving averages clustered together compared to the past.

Volatility in either direction can be seen on the chart after a long sideways movement since mid-May, with resistance between the 20, 50, and 200 moving averages.

Current cryptocurrency news updates establish convergence of several bullish drivers such as tax reform, monetary policy changes, regulation of stablecoins, and convergence of traditional finance.

Wall Street tokenization via exchanges such as Kraken institutionalizes equity markets on-chain with round-the-clock trading capabilities. The analyst places July as a pivot month where regulatory clarity for stablecoins can lead to altcoin breakouts, particularly if Ethereum breaks resistance levels.