Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit
The settlement is now pending the SEC's vote, and will end the XRP lawsuit if approved.
Happy Wednesday!
Today's crypto landscape is abuzz with significant developments. Ripple has reached a settlement with the SEC, agreeing to a $50 million fine and dropping its cross-appeal, potentially ending the long-standing XRP lawsuit pending SEC approval. Meanwhile, Congress is moving to overturn the IRS broker rule targeting DeFi platforms, with a final vote scheduled and potential support from President Trump. In another groundbreaking move, Custodia and Vantage have launched Avit, the first US bank-issued stablecoin on Ethereum, offering fast and transparent settlements within a regulated framework. Dive into these stories and more below.
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The global crypto market cap is $2.84 trillion, with a 24-hour volume of $78.34 billion. The price of Bitcoin is $86,723.96, and BTC market dominance is 60.6%. The price of Ethereum is $2,008.92, and ETH market dominance is 8.6%. The best-performing sector is Deflationary, which gained 5%. The Crypto Fear & Greed Index is currently Neutral (47).
📰 Top News
Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit
The settlement is now pending the SEC's vote, and will end the XRP lawsuit if approved.
Congress moves to overturn IRS broker rule targeting DeFi platforms, potential Trump signing on March 28
Following a successful overturn in early March, the rule returns to the Congress for a final vote.
Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
Custodia's patent-backed stablecoin, Avit, combines fast settlements and transparency in a regulated framework.
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