The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives.In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court for the Southern District of New York issue an indicative ruling on whether it would dissolve the injunction from its Aug. 7, 2024, final judgment.Next stepsThe request also asks the court to order the release of the $125 million civil penalty currently held in escrow. Under…
Author: cryphedge
The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs) was mishandled, and urged crypto market participants to be patient with ongoing regulatory delays.In an interview on Bloomberg’s Trillions podcast, Peirce addressed the slow pace of approvals for crypto-based financial products, stating that the SEC is working through litigation and internal deliberations related to digital assets. She added“People have to be patient. We have some ongoing litigation we’re trying to work through. We have lots of other considerations.”Peirce is a long-known…
VeChain has achieved a significant milestone by obtaining a MiCAR license, positioning itself as one of the first enterprise-grade blockchains. VeChain’s VET token has gained 7.5% in price, crossing $0.02675, with its market cap surpassing $2.3 billion. Enterprise-grade Layer-1 blockchain network VeChain has attained strong milestones with a staggering 520% development activity growth. As a result, it has outperformed some of the top blockchain networks like BNB Chain, Algorand, Hedera, MultiverseX, and much more. Source: Chain Broker VeChain demand among Wall Street players has been increasing as well! Amid tightening global regulations, financial institutions face mounting pressure to deliver transparent…
Pi Coin (Pi Network/PI) experienced a dramatic rise in popularity and price earlier this year. While the larger crypto market was falling in late February, PI rose to an all-time high of $2.99. PI’s price has fallen by 79.3% from its February peak. PI seems to be making a rebound after its recent dip. The asset has rallied 6.8% in the last 24 hours, 1.2% in the weekly charts, and 8.1% over the previous month. Despite the rally, the asset is down 4.4% in the 14-day charts.Also Read: Coinbase to Acquire Crypto Options Platform Deribit for $2.9BSource: CoinGeckoHow Long Until…
While Bitcoin (BTC) is gradually heading towards the $100,000 mark, the second biggest cryptocurrency, Ethereum (ETH), is proving its correlation. According to CoinMarketCap, the cryptocurrency has broken the crucial support at $2000 with a hike of 13.24%. The spike comes after Ethereum successfully deployed the Pectra Upgrade, which is expected to make Ethereum faster, cheaper, and easier to use while maintaining the network’s security and decentralization that users have come to trust. According to experts, this breakout is mainly fueled by institutional ETF inflows and heavy accumulation by whales. ETH has outperformed most of the other top 10 coins in…
The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US.The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes. Senate Majority Leader John Thune accused Democrats of using the filibuster for the fourth time in 2025, adding that the reason is unknown. Thune said:“This is a bipartisan issue. This is a bipartisan bill. And it had a bipartisan process from the very beginning. If the Democrats were interested in further changes, as they claim, they would have the…
Is Bitcoin gearing up for its biggest rally of the year? According to crypto mogul Arthur Hayes, all signs point to yes. Speaking at the Token2049 conference, Hayes stated that the current macroeconomic setup—marked by inflation concerns and ongoing monetary easing by the U.S. Federal Reserve—mirrors the conditions that triggered crypto’s surge in late 2022. He believes Bitcoin could reach $150,000 before the year ends, driven largely by capital inflows from central bank policies and risk-on sentiment. With the Federal Reserve holding rates steady and liquidity still flowing into the market, this rally could be the beginning of a broader…
The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT).SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agency’s International Institute for Securities Market Growth and Development.SEC’s proposed crypto frameworkAccording to Peirce, the SEC’s Crypto Task Force is exploring a conditional order to ease regulatory burdens for platforms focused on tokenized securities.The measure would allow qualified firms to leverage DLT for trading, clearing, and settling securities without registering under traditional SEC frameworks.Peirce acknowledged that current rules, such as those under…
The Federal Reserve decided not to change interest rates on May 7, keeping them at 4.25% to 4.50%. This made crypto assets more appealing to investors. As a result, the market is rising today, with Bitcoin hitting $100,000. Ethereum is also going up, but experts believe STHs might soon sell to take profits. This is backed by a decline in key on-chain activity, which could lead to a price reversal soon. ETH’s MVRV Ratio to Trigger ReversalIn the past 24 hours, the crypto market has seen a strong surge. Bitcoin has climbed back to the $100,000 level, which it last…
POL supports zkEVM and app-specific blockchains. The current price is near $0.23, down from $1.29 in March 2024. 2025 forecast ranges between $0.11795 and $0.47181. Polygon (MATIC) is undergoing a major transformation with the introduction of its upgraded token, POL, as part of the wider Polygon 2.0 roadmap. This move marks a shift to a zero-knowledge Ethereum Virtual Machine (zkEVM) system and supports a network of application-specific blockchains. The upgrade is aimed at boosting scalability, utility, and decentralisation, potentially influencing long-term valuation. As of early May 2025, POL trades near $0.23, far from its March 2024 peak of $1.29. Source:…
