The U.S. Office of the Comptroller of the Currency (OCC) approved national trust charters for crypto firms including Coinbase, Ripple, and Bitgo, intensifying regulatory scrutiny led by Senator Elizabeth Warren. Bitgo's CEO defended their fiduciary custody model, emphasizing that client assets are kept separate from lending risks and are held in bankruptcy-remote accounts, unlike failed crypto firms that commingled assets. The debate highlights the need for clearer definitions between crypto custody and banking activities, with Bitgo advocating for stronger oversight and clearer terminology. This regulatory clash signals growing attention on how digital assets are integrated into the U.S. financial system and the protections afforded to consumers.
The Senate Banking Committee voted 15-9 to advance the Clarity Act, a bipartisan bill aiming to clarify which regulator oversees specific digital assets, ending current legal ambiguities in US crypto oversight. Ripple's CLO Stuart Alderoty hailed the...
Ripple earned the 16th spot on CNBC's 2026 Disruptor 50 list under the "New Money" category, highlighting its role in modernizing cross-border payments with blockchain technology. This recognition marks a shift from Ripple's past regulatory struggles...
XRP transaction activity on exchanges shows a notable shift: Bybit's month-long surge in XRP deposits ended around May 16, signaling reduced sell-side pressure. Meanwhile, Binance and Coinbase have moved into negative delta territory, meaning withdra...
Bitcoin traders faced a $584 million liquidation of long positions on Monday, the largest since February, as geopolitical tensions and rising U.S. Treasury yields pressured the price down to a critical support level at $76,318. The sell-off was trigg...
XRP traded sideways after a volatile week but gained nearly 6% despite a weak crypto market. Large holders, or whales, have increased their XRP holdings significantly, controlling about 68.5% of the total supply, indicating strong accumulation. Techn...
