Wall Street and White House Rally Around Ethereum for Adoption

- Institutional and governmental entities increasingly favor Ethereum's framework. - Key developments include FXRP's DeFi integration, Tether's pursuit of a $500 billion valuation, and the CFTC's tokenized asset initiative. On September 24, 2025, *The Block* reported that Tom Lee, co-founder of Fundstrat and Chairman of BitMine, identifies Ethereum as a cornerstone for institutional and governmental blockchain adoption. Lee views Ethereum as a "truly neutral chain," attracting both Wall Street and the White House, and believes this neutrality drives heightened interest from the Trump administration and Congress, reinforcing its adaptability and prominence within the blockchain sector. On the same day, FXRP, a wrapped and overcollateralized version of XRP designed for decentralized finance (DeFi), debuted on the Flare Network. According to *The Block*, FXRP allows XRP holders to use their assets as collateral in DeFi protocols, generating yield and expanding the token’s functionality across the ecosystem. The developers emphasize that FXRP adheres to DeFi’s principle of non-custodial operations, which fosters user autonomy and reduces reliance on intermediaries. Meanwhile, Tether is in advanced discussions with private investors to secure funding at an unprecedented $500 billion valuation. This valuation would rank it alongside global giants like OpenAI and SpaceX and underscores Tether’s dominance in the stablecoin sector and its critical role in providing trading liquidity throughout the cryptocurrency market. In regulatory news, the Commodity Futures Trading Commission (CFTC) unveiled plans to incorporate tokenized assets, including stablecoins, as collateral in derivatives markets. This initiative aligns with broader efforts to modernize financial systems and encourage the regulated adoption of blockchain-based assets. According to data from *CoinMarketCap* on September 24 at 20:13 UTC, Ethereum (ETH) was trading at $4,161.19, a -0.093% change in 24-hour activity. XRP was priced at $2.97, marking a 4.046% increase, while Tether (USDT) remained steady at $1, with a -1.909% shift in its trading volume. These figures highlight steady market engagement despite fluctuating price movements across major cryptocurrencies.