Crypto News
Ripple Files for National Bank License and Fed Master Account to Boost RLUSD Security
Ripple is charging into the regulated banking arena, seeking a national license and Federal Reserve access to vault its stablecoin into elite, federally supervised territory. Ripple’s Dual Licensing Move Sets Compliance Benchmark for Stablecoins Ripple announced on July 2 that it filed for a national banking license with the U.S. Office of the Comptroller ofSource link
Ripple Breaks Silence on Linqto Controversy, Clarifies XRP and Share Differences
Ripple slams brakes on speculation as it confirms no ties to Linqto’s collapsed resale scheme, asserts XRP is unaffected, and highlights strong private share performance. Ripple CEO Responds to Linqto Fallout, Emphasizes XRP Not Part of Share Issue Investor concerns over the handling of private Ripple shares intensified following federal investigations into Linqto’s high-markup resaleSource link
SEC Backs Tokenization as Path to Efficient Markets With Clearer Crypto Rules
The U.S. SEC is embracing a bold new regulatory era for crypto, prioritizing innovation, tokenization, and market efficiency while vowing to end uncertainty and outdated enforcement tactics. SEC Targets Clarity and Innovation in Overhaul of Digital Asset Regulation Growing demand for clarity around digital asset regulation is prompting a significant shift at the U.S. SecuritiesSource link
OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized
Tokenized equity offerings for OpenAI being offered to Robinhood users in Europe are not officially authorized by the company, the AI giant said in a social media post."These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it," OpenAI posted on X. "Any transfer of OpenAI equity requires our approval — we did not approve any transfer."Earlier this week, Robinhood announced it was launching tokenized stock trading based on the Arbitrum blockchain to its users in Europe. As CoinDesk reported earlier, users will have access to 200 equities and ETFs, as well as a secondary market for equity in hot startups like OpenAI and SpaceX.The idea of tokenized...
Congress Urged to Investigate Fed Chair Over $2.5B Scandal
Fed Chair Jerome Powell is at the center of a spiraling scandal as Congress faces mounting pressure to launch a full-scale investigation into a $2.5 billion Fed project meltdown. $2.5B Federal Reserve Project Sparks Allegations of Deception and Mismanagement Accusations of fiscal mismanagement and alleged deception have intensified scrutiny of Federal Reserve Chair Jerome Powell,Source link