Ripple CEO Brad Garlinghouse emphasized the importance of the U.S. Senate scheduling a hearing on the Digital Asset Market Clarity Act within the next two weeks to ensure the bill's survival. The legislation aims to provide clear regulations for the crypto market, particularly addressing stablecoin yield rules to balance innovation and banking regulations. Garlinghouse highlighted that codifying these policies into law is crucial to prevent future regulatory reversals, despite compromises in the bill. The stablecoin market is expected to grow significantly, reaching $3 trillion by 2031, underscoring the need for regulatory clarity.
XRP is trading in a tight range around $1.10, showing little price movement despite signals of large whale accumulation and increased derivatives activity. Regulatory developments in the US, including a congressional hearing on XRP's classification, ...
SWIFT has launched a blockchain-based shared ledger to improve coordination of tokenized deposits across banks, but it still relies on traditional systems for final settlement, which can be slow. Ripple's XRP Ledger offers a solution by enabling near...
Ripple's Chief Legal Officer Stuart Alderoty criticized votes against the bipartisan CLARITY Act, saying they perpetuate unregulated crypto conditions that bad actors exploit. The Act aims to clarify regulatory boundaries between the SEC and CFTC, cl...
Data from CryptoQuant shows a historic drop in the activity gap between large XRP holders (whales) and small investors on Binance, reaching its lowest level in two months. Despite XRP's price drop below $1.15, large deposits to Binance have dried up,...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
