The post XRP Lawsuit News: Can Acting SEC Chair Mark Uyeda Drop the Ripple Case? appeared first on Coinpedia Fintech News The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome. One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development. The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it. Sherrie, a well-known expert in the XRP community, said that the SEC didn’t move the case; it’s actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website. When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Ripple’s. Normally, these big cases are handled by the official Chairman “It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Ripple’s. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April,” she wrote.
The African Blockchain, DeFi, and Web 3 Summit (ABDS 2025) is set to take place
On January 31st, COINOTAG reported that Circle has successfully launched its native USDC stablecoin on the Aptos Network. This pivotal integration enables Aptos users to utilize USDC seamlessly as a
Crypto prices were jittery on Friday, but Bitcoin (BTC) remained resilient near the $104,000 mark. The global cryptocurrency market cap is down around 0.93%, reaching $3.54 trillion. This comes as the market awaits the release of the December US PCE (Personal Consumption Expenditures) inflation data on January 31. Investors are closely monitoring this report, as
The SEC has made waves in the cryptocurrency landscape by approving Bitwise’s spot Bitcoin and Ethereum ETF, a significant move for crypto investors. This landmark decision, completed in only 45
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Tether is making significant moves in the cryptocurrency space, both in terms of innovation and regulatory adaptation. The company recently announced the integration of its USDT stablecoin with Bitcoin’s Lightning Network, aiming to improve transaction efficiency and expand payment options. At the same time, European regulations under the Markets in Crypto-Assets (MiCA) framework are prompting exchanges like Crypto.com and Coinbase to delist USDT, raising questions about stablecoin accessibility in the region. Tether Expands USDT to Bitcoin Network via Lightning Integration, Enhancing Global Payments Tether has announced its expansion onto Bitcoin through the Lightning Network, leveraging the Taproot Assets protocol. The announcement was made by Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30. Tether , the issuer of the world’s largest stablecoin, USDT, is set to integrate with Bitcoin’s Layer 2 scaling solution, the Lightning Network. This initiative, powered by Lightning Labs, is designed to facilitate faster and more cost-efficient transactions, broadening the accessibility of stablecoin payments worldwide. The integration uses the Taproot Assets protocol, an upgrade introduced in 2022 to enhance Bitcoin’s ability to support tokenized assets. As of now, USDT boasts a market capitalization of $139.4 billion, significantly surpassing its closest competitor, Circle’s USD Coin (USDC), which stands at $53.1 billion, according to CoinGecko data. Tether also dominates the stablecoin market by processing a staggering $10 trillion in transactions in 2024 alone, placing it in close competition with traditional financial giants like Visa, which handled $16 trillion over the same period. One of the key benefits of this integration is the potential for seamless merchant adoption. Businesses that already accept Bitcoin via the Lightning Network will be able to integrate USDT as a payment method using the same infrastructure. This could significantly increase the adoption of stablecoin payments, especially in regions where volatility in local currencies drives demand for dollar-pegged alternatives. “Millions of people will now be able to use the most open, secure blockchain to send dollars globally,” Stark noted, emphasizing the role of stablecoins in providing financial stability to emerging markets. Furthermore, Lightning Labs envisions a future where AI-driven transactions and autonomous vehicles benefit from the enhanced efficiency of micropayments facilitated by USDT over Lightning. This development aligns with the broader trend of blockchain technology intersecting with emerging digital economies. Strategic Move Amid El Salvador’s Bitcoin Push This announcement follows Tether’s recent decision to relocate its headquarters to El Salvador, the first and only country to recognize Bitcoin as legal tender. The move signals Tether’s commitment to supporting Bitcoin adoption and advancing financial innovation in the region. El Salvador introduced the Lightning Network-powered Chivo Wallet in September 2021, aiming to promote Bitcoin usage among its citizens. However, the adoption has faced challenges, with mixed reactions from the public. Initially, the government mandated that merchants accept Bitcoin, but recent agreements with the International Monetary Fund (IMF) have led to a shift toward voluntary acceptance. The integration of USDT into the Lightning Network marks a pivotal moment in the evolution of Bitcoin’s utility beyond just a store of value. With faster transactions and reduced costs, Bitcoin’s infrastructure becomes more attractive for stablecoin-based payments, furthering the potential for global remittances, merchant adoption, and decentralized financial interactions. As the crypto industry continues to evolve, the partnership between Tether and Lightning Labs could be a catalyst for increased institutional interest and mainstream adoption. Whether this integration will drive mass adoption remains to be seen, but it undeniably represents a significant stride toward a more interconnected and efficient digital payment ecosystem. Tether Responds to MiCA Regulations as European Exchanges Prepare to Delist USDT In related news, the European cryptocurrency market is undergoing a significant transformation as exchanges prepare to delist Tether’s USDT stablecoin in response to the European Union’s Markets in Crypto-Assets (MiCA) framework. The new regulatory environment is forcing major platforms, including Crypto.com and Coinbase, to reassess their stablecoin offerings, raising concerns over potential market disruptions. Tether has voiced its concerns over the impact of MiCA on the European cryptocurrency sector, particularly regarding the delisting of its flagship stablecoin, USDT. Crypto.com confirmed on Jan. 29 that it will begin delisting USDT along with nine other tokens on Jan. 31 to comply with MiCA regulations. “It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves,” a spokesperson for Tether said. Tether warned that the MiCA-triggered changes could create a “disorderly” market, particularly as the framework is still in its early stages. The company emphasized that these developments extend beyond USDT, affecting multiple tokens across the EU market. “These changes affect many tokens in the EU market, not only USDT, and we fear that such actions will lead to further risk being placed on consumers in the EU,” Tether’s representative said. The implications of MiCA regulations extend beyond Tether , as multiple exchanges are adjusting their token offerings. Crypto.com’s delisting efforts will impact a total of ten tokens, including Wrapped Bitcoin (WBTC) and Dai (DAI). Coinbase also delisted USDT in December 2024 as part of its compliance measures and confirmed on Jan. 30 that it had removed eight tokens to align with MiCA regulations. “We regularly review the assets we make available to customers on our platform to ensure we are meeting regulatory requirements and will assess re-enabling services for stablecoins that achieve MiCA compliance on a later date,” a Coinbase representative stated. The European Securities and Markets Authority (ESMA) has been actively pushing crypto asset service providers (CASPs) to restrict non-MiCA-compliant stablecoins. While exchanges can still offer these tokens in sell mode until March 31, they must fully restrict non-compliant stablecoins by the end of Q1 2025. Tether’s Strategy Amid MiCA Implementation Tether is finalizing its European strategy to ensure compliance while continuing to introduce innovative technologies. Despite its criticisms of MiCA’s complexity, the company acknowledged the EU’s regulatory efforts in structuring the crypto industry. “As we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks,” Tether stated. Tether also noted that the USD stablecoin market in Europe is relatively small compared to its widespread adoption in emerging markets. The company emphasized that MiCA should take into account the different use cases of stablecoins globally. The firm reaffirmed its commitment to compliance and innovation, highlighting its ongoing investment in projects such as Hadron and Quantor, both designed to be MiCA-compliant. As the deadline for MiCA compliance approaches, the European cryptocurrency market is at a crossroads. While regulators seek to establish a structured framework, concerns persist over the potential consequences of abrupt regulatory enforcement. Tether’s response shows the tension between regulatory clarity and market stability, emphasizing the need for balanced measures that promote innovation without disrupting financial ecosystems. Whether MiCA will ultimately foster a more secure and regulated stablecoin market in the EU remains to be seen. For now, the crypto industry is navigating uncharted waters, with stablecoin issuers and exchanges adapting to the new regulatory landscape.
The post Pi Coin Grace Period Extended to February 28, 2025: Price Surges by 10% appeared first on Coinpedia Fintech News Here We Go Again! Pi Network has extended the grace period deadline for KYC (Know Your Customer) verification and Mainnet migration to February 28, 2025. This is the third time the Pi Network has extended its grace period, it comes just a day before the highly anticipated Mainnet launch, originally scheduled for January 31, 2025. Despite the extension news, the price of the Pi coin has recorded a gain of 10% in a day. KYC Deadline Extended To Feb 28, 2025 In a recent blog post , Pi Network revealed that the grace period for KYC update and migration process extension has been extended until 28 Feb. However, This extension is all about fairness and making sure everyone gets a chance to join the Pi Network without losing their Pi coins. The KYC and Mainnet migration deadlines for the Grace Period have been extended to February 28, 2025, ensuring Pioneers have additional time and opportunity to secure their Pi. Read the full announcement to learn more about the extension and importance of the Grace Period.… — Pi Network (@PiCoreTeam) January 31, 2025 The Pi Network has also clarified that this extension doesn’t affect the Open Network launch, which is still set for Q1 2025. The new deadline for the grace period won’t change the timeline for the launch, keeping everything on track. If You Miss, You Loose However, the announcement also clarified that any Pi holders who fail to complete their KYC and migration by the new deadline will lose their coins. Only the Pi mined within the six months leading up to the migration will be kept. Older balances will be loose, so users need to act quickly to secure their holdings before the deadline ends. Pi Coin Price Soars Despite the extended grace period, Pi Coin has seen a significant price jump. In just 24 hours, Pi Coin’s price increased by 10%, reaching nearly $50 , with a market cap of $3.38 billion As the mainnet launch nears, Pi Coin traders are closely monitoring key price levels. If the mainnet launch occurs before the end of Q1, there’s potential for Pi Coin to hit $100. However, if delayed, it may see a bearish decline towards $28. With the deadline extension, Pi holders have a little more time to secure their coins, but they should act quickly to avoid losing them.
The U.S. Securities and Exchange Commission (SEC) has expedited the approval of Bitwise’s Bitcoin and Ethereum ETF, marking a significant development in crypto investments. This ETF will provide investors with
The rise and fall of Solana-based ridesharing app Teleport highlights the challenges faced by decentralized platforms in mainstream markets. Despite raising $9 million and attracting users, Teleport has shut its