BofA said that the Ripple-SEC court ruling doesn’t bring enough clarity over the regulatory situation and demands for a comprehensive regulatory framework.
Worldcoin’s native token WLD shot up by 100% in just two hours of launch on top crypto exchanges.
The lawsuit claims that SBF and his allies siphoned off funds from sister brand Alameda Research for their personal gains, and not benefiting FTX.
Kuwaits top regulator CMA said that it would also ban local regulators from issuing license to any virtual assets service providers (VASPs) in the country.
Robert F. Kennedy Jr said that backing USD and other debt obligations with hard assets like Bitcoin will bring strength back to the Dollar.
The US SEC said that they are still assessing the court’s order, and it remains a contentious issues going ahead.
Ripple said that it plans to soon start conversations with American banks about using its On-Demand Liquidity (ODL) product that uses XRP for settlements.
The crypto community hailed its as a milestone achievement for Ripple with XRP valuations soaring by more than $21 billion in a few hours.
It isn’t clear as to whether the US government further plans to liquidate these Bitcoins or auction them.
The European Banking Authority is expecting a flurry of stablecoin issuance before the MiCAR rules kick in by mid 2024.