Crypto News
Inside the Controversy Brewing Over Robinhood’s Tokenized Stocks
Robinhood’s tokenized stocks drew fire from the ChatGPT maker and critics who say the product offers no real equity and lacks transparency.Source link
Blackrock Bitcoin ETF Titan Dethrones Its $624B S&P 500 Fund in Fee Revenue
Blackrock’s Bitcoin ETF is now out-earning its flagship S&P 500 fund, marking a pivotal moment as institutional money floods into crypto amid surging investor demand. Blackrock’s Bitcoin ETF Revenue Surpasses S&P 500 Fund Amid Crypto Demand Surge A sharp divergence in exchange-traded fund (ETF) revenue streams reveals how investor demand for crypto exposure is overtakingSource link
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era for crypto, prioritizing innovation, tokenization, and market efficiency while vowing to end uncertainty and outdated enforcement tactics.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