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From Trump plan to sign order targeting ‘crypto debanking’ to SEC saying liquid staking is not security, here is a roundup of the top crypto stories you may have missed.
Trump to Sign Order Targeting ‘Crypto Debanking’
U.S. President Donald Trump is expected to sign an executive order aimed at penalizing banks and financial institutions that cut off services to cryptocurrency companies and other entities for political reasons, The Wall Street Journal reported.
- The draft order would direct regulators to investigate potential violations of the Equal Credit Opportunity Act, antitrust laws, and consumer protection rules, and could impose fines or consent decrees on offenders.
- It also instructs agencies to remove policies contributing to so-called “debanking” and requires the Small Business Administration to review its lending practices.
Base Overtakes Solana in Daily Token Creation Amid SocialFi Boom
Coinbase’s Ethereum Layer 2 network, Base, surpassed Solana in daily token issuance, driven by a surge in SocialFi activity on Zora.
- On Base, Zora recorded over 1.6 million Creator Coins minted and nearly three million unique traders interacting during the last week of July, marking a record for on-chain token creation. Zora’s Creator Coin framework, which allows creators to tokenize and trade digital content, has been the key driver of this momentum.
- The growth follows Coinbase’s July rebrand of the Base App into a consumer-facing SocialFi gateway, which added Flashblocks for 200 ms block times and MagicSpend to streamline gas-fee payments, thereby improving UX and lowering transaction friction.
Coinbase Launches DEX Integration to Expand Asset Access
Cryptocurrency exchange Coinbase said on Friday it is rolling out a decentralized exchange (DEX) integration to let U.S. traders, excluding New York State, buy and sell “millions” of digital assets previously unavailable on its platform.
- The service will initially run on its Ethereum Layer 2 network Base, with plans to expand to other networks such as Solana.
- Users will be able to trade directly on DEXes like Aerodrome and Uniswap without leaving the Coinbase app.
The company said the integration will allow assets to be traded “within moments of creation,” jumping from 300 tokens to millions over time.
- The initiative will support Base-native tokens from projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs.
Kiyosaki Welcomes Possible Bitcoin Drop in ‘August Curse’
Author and investor Robert Kiyosaki said he hopes the so-called “Bitcoin August Curse” will send the cryptocurrency’s price below $90,000, calling it a buying opportunity rather than a setback.
He argued that BTC’s long-term value lies in its contrast to fiat systems, which he criticized as being mismanaged by U.S. economic policymakers. Kiyosaki said a price crash could act as a “stress test,” filtering out short-term speculators and leaving committed holders stronger.
China Flags Iris Data-for-Crypto Scheme as National Security Risk
China’s Ministry of State Security issued a warning that a foreign company collecting iris data in exchange for cryptocurrency could threaten national security.
- The agency said the firm has used token rewards to scan and gather biometric data worldwide, later transferring the information in ways that endanger personal privacy and national interests.
- While the ministry did not explicitly name the project, the description closely matches World, formerly known as Worldcoin, which has faced regulatory scrutiny in multiple jurisdictions, including a suspension of its operating permit in several countries over data privacy concerns.
Trollface Creator Rejects Role in $200M Meme Coin Boom
Carlos Ramirez, the artist behind the viral internet meme Trollface, says he has no interest in participating in the explosive rise of a Solana-based meme coin using his creation, which has surged more than 1,050% in two weeks to a market cap above $184 million.
- In a report, Ramirez said that the profit-driven nature of crypto “diminishes” art and that he does not want to risk causing financial harm to investors, despite repeated offers of token allocations from meme coin promoters.
While intellectual property experts say Ramirez could sue for copyright infringement, he has ruled out legal action and says he intends to “endorse nothing and interfere with nothing.” Instead, the artist said he is focusing on new creative projects while avoiding public discussion of his ideas to prevent them from being turned into speculative crypto assets.
SEC Says Liquid Staking Does Not Involve Securities
The U.S. Securities and Exchange Commission (SEC)’s Division of Corporation Finance said certain “liquid staking” activities do not involve the offer or sale of securities and therefore do not require registration under federal securities laws.
The regulator’s agency defined liquid staking as a process in which crypto holders deposit assets with a provider and receive “staking receipt tokens” that represent ownership of the deposited assets and rewards, while retaining the ability to use those tokens elsewhere.
The SEC said both protocol-based and third-party liquid staking providers perform only administrative or ministerial functions and do not engage in the entrepreneurial or managerial efforts required under the Howey test to classify an arrangement as an investment contract. The division also said staking receipt tokens are not securities because they merely evidence ownership of the underlying crypto assets, which themselves are not securities, unless those assets are part of an investment contract.
This article is published on BitPinas: Crypto News You May Have Missed: Aug. 3 – 9, 2025
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