Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon for opposing the CLARITY Act, accusing him of distorting facts to protect JPMorgan's $20 billion payments business. The CLARITY Act aims to provide clear crypto regulations to bring digital asset trading back to the U.S. and protect investors. CFTC Chairman Michael Selig defended the bill, stating it strengthens oversight rather than weakens it. Ripple sees the Act as key to expanding its corporate-focused crypto services and legal recognition in the U.S., with Congress needing to act soon before recess.
Bitcoin ETFs have experienced significant outflows totaling about $1.7 billion in the past week and over $5.4 billion in the last month, signaling institutional de-risking amid inflation, interest rate worries, and geopolitical tensions. Despite Bitc...
Ripple and Bitso have introduced MXNB, a Mexican peso-backed stablecoin on the XRP Ledger, to enhance cross-border payments between the US and Mexico. MXNB will work alongside Ripple's dollar-backed stablecoin, RLUSD, creating a new institutional set...
Binance launched equity trading by listing BitMine stock, notable for holding 5.54 million ETH, nearly 5% of global supply. Despite XRP ETF assets falling below $1 billion, institutional investors continue buying XRP, pushing cumulative inflows to a ...
XRP traded near $1.12 on June 11, maintaining support at $1.10 despite recent volatility and a sharp decline earlier in June. ETF-linked investment products saw modest inflows, signaling some institutional interest, but overall momentum remains weak ...
The GENIUS Act and CLARITY Act, if passed, aim to clarify regulations around digital assets and stablecoins, potentially enabling large-scale migration of traditional financial assets onto public blockchains like the XRP Ledger. The GENIUS Act focuse...
