Ethereum’s Pectra Upgrade and FOMC Meeting Create Uncertain Landscape for Traders on May 7

Ethereum stands at a pivotal moment amidst the highly anticipated Pectra upgrade and the upcoming FOMC meeting, presenting a crucial backdrop for traders. The Pectra upgrade aims to enhance Ethereum’s

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EURc Stablecoin Nears Quarter of a Billion

The EURc stablecoin by Circle has rapidly gained in market cap recently since Trump's inauguration on January 20th when it was at just under $100 million.

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StakeStone Receives USD1 Test Transfer: A Promising DeFi Integration Unfolds

The world of decentralized finance (DeFi) is constantly evolving, with new protocols and stablecoins emerging to reshape how we interact with digital assets. A recent development has caught the attention of the crypto community: a significant test transfer involving StakeStone , a prominent omnichain liquidity infrastructure, and USD1 stablecoin , a project by World Liberty Financial. This event, while seemingly small in value, carries considerable weight and potential implications for the future of both projects and the broader DeFi integration landscape. What Happened: The StakeStone and USD1 Test Transfer According to on-chain analysis shared by @EmberCN on X, the deployer address associated with StakeStone recently received a test transfer of 10,000 USD1 stablecoin tokens. What makes this transaction particularly noteworthy is the source: the official custody address of World Liberty Financial’s USD1 project. This isn’t just a random transfer; it’s a direct interaction between the official stablecoin issuer and a leading liquidity infrastructure provider. This type of on-chain activity is often a precursor to deeper collaboration or integration between protocols. Test transfers allow projects to verify addresses, confirm transaction flows, and prepare the groundwork for more substantial interactions, such as minting, burning, or liquidity provision mechanisms. Why This USD1 Stablecoin Transfer Matters The core speculation arising from this test transfer, as highlighted by @EmberCN, is that StakeStone could be positioned to become the first DeFi protocol minting service provider for USD1. If true, this represents a significant step for both entities: For USD1: Partnering with a well-established liquidity infrastructure like StakeStone could provide USD1 with a crucial entry point into the wider DeFi ecosystem, enabling its use across various protocols for lending, borrowing, trading, and yield generation. For StakeStone: Becoming a preferred or primary minting partner for a stablecoin like USD1 would solidify StakeStone’s position within the DeFi space, potentially increasing its transaction volume, user base, and overall relevance as a key piece of the omnichain liquidity puzzle. This potential DeFi integration could pave the way for USD1 to gain traction and utility beyond its initial scope, leveraging StakeStone’s infrastructure to ensure seamless flow and accessibility across different blockchain networks. StakeStone’s Role as Liquidity Infrastructure StakeStone positions itself as an omnichain liquidity infrastructure . In simple terms, this means it aims to provide seamless and efficient ways for users and protocols to access and utilize liquidity across multiple blockchain networks. By abstracting away some of the complexities of cross-chain interactions, StakeStone seeks to create a more unified and liquid DeFi environment. A partnership where StakeStone helps facilitate the minting and distribution of a stablecoin like USD1 directly aligns with this mission, potentially enhancing the utility and reach of both assets. What Potential Benefits Could This DeFi Integration Bring? If the speculation holds true and StakeStone becomes a key minting partner for the USD1 stablecoin , several benefits could emerge: Increased Utility for USD1: Access to StakeStone’s infrastructure could quickly make USD1 available and usable across a wider range of DeFi applications and chains. Enhanced Liquidity for StakeStone: Facilitating stablecoin flows is fundamental to any liquidity infrastructure . This partnership could bring significant stablecoin volume through StakeStone’s platform. New Opportunities for Users: Users of both StakeStone and USD1 could benefit from new yield farming opportunities, improved trading pairs, and easier access to stablecoin liquidity across chains. Validation for Both Projects: A successful integration would serve as a strong validation for StakeStone’s infrastructure capabilities and USD1’s potential to become a widely adopted stablecoin. This potential collaboration is a prime example of how protocols in the DeFi space seek strategic partnerships to expand their reach and utility, driving innovation in the process. Stay tuned for more crypto news regarding this developing story. Looking Ahead: What’s Next for StakeStone, USD1, and DeFi Integration? While the 10,000 USD1 transfer is currently just a test and the speculation about StakeStone being the first minting partner remains unconfirmed by official announcements, it’s a strong indicator of potential future developments. The crypto community will be watching closely for: Official announcements from either StakeStone or World Liberty Financial regarding a partnership or integration. Further on-chain activity involving larger transfers or specific contract interactions between the two entities. Details on how such a minting partnership would function technically and operationally. The impact of this potential DeFi integration on the adoption and usage of the USD1 stablecoin across various platforms utilizing StakeStone’s liquidity infrastructure . This news highlights the dynamic nature of the DeFi ecosystem, where even seemingly small on-chain transactions can signal significant strategic moves. The potential collaboration between StakeStone and USD1 could be a notable development in the ongoing effort to build robust, cross-chain liquidity infrastructure and expand the utility of stablecoins. This piece of crypto news underscores the importance of monitoring on-chain data and analyst insights to stay ahead in the fast-paced world of digital assets. The coming weeks and months should reveal whether this test transfer blossoms into a full-fledged partnership that reshapes the landscape for both StakeStone and the USD1 stablecoin. Conclusion: A Glimpse into Future DeFi Collaboration The recent 10,000 USD1 test transfer from World Liberty Financial’s official custody address to StakeStone’s deployer is more than just a transaction; it’s a potential signal of a significant upcoming DeFi integration . With StakeStone’s focus on omnichain liquidity infrastructure and USD1’s ambition as a stablecoin, a partnership could unlock new levels of utility and accessibility for both. While speculation currently drives the narrative, the on-chain evidence suggests that StakeStone may indeed be positioning itself as a key partner for the USD1 stablecoin , potentially becoming its first DeFi minting service provider. This is a developing story in the world of crypto news that warrants close observation as the DeFi ecosystem continues to build and connect across chains. To learn more about the latest DeFi integration trends, explore our article on key developments shaping liquidity infrastructure adoption .

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ICON (ICX) Price Prediction 2025, 2026-2030: Is ICX A Good Investment?

The post ICON (ICX) Price Prediction 2025, 2026-2030: Is ICX A Good Investment? appeared first on Coinpedia Fintech News Story Highlights The ICON price today is $ 0.10868146 . The ICX price could hit a maximum price of $0.2417 in 2025. Increased volumes could push the ICON price beyond $1.8358 by 2030. ICON Network is a layer-one blockchain that aims to create a safe, scalable, and multichain bridging solution. The team’s main objective is to develop a worldwide network that enables the efficient use of various gadgets in the future. Are you one of the thousands interested in ICX’s price prediction? Look no further as we uncover the plausible price targets for 2025 and beyond. .shortcode_title h6 { font-size: 14px; font-weight: 600; margin-bottom: 0; margin-left: 5px; } .top-gainer { background: transparent; border-radius: 10px; padding: 0; margin-bottom: 15px; } .top-markets { background: #fff; padding: 10px 10px 3px; border: 1px solid #eee; text-align: center; border-radius: 8px; position: absolute; z-index: 99; } .top-gainers-loosers ul { padding-left: 0 !important; margin-left: 0; overflow: auto; white-space: nowrap; } .top-gainer h2 { font-size: 16px; } .top-gainers-loosers ul li .top-gainer-desc { background: #fff; border-radius: 5px; padding: 10px; border: 1px solid #0052CC4D; } .top-gainer-desc h4 { font-size: 14px; font-weight: 400; line-height: 22px;}.top-gainer-desc .color-green { color: #0DA71D; font-size: 12px; font-weight: 300; line-height: 20px; float: right;}.color-green img, .color-red img { width: 12px; display: initial;} .top-gainers-loosers ul li { padding: 5px; width: 200px; margin: 0 !important; vertical-align: top;}.top-gainer h3 { font-size: 13px; margin-top: 0px; font-weight: 500; max-width: 150px; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; }.top-gainer-desc h3 span{ color: #171717B2; font-weight: 400;}.top-gainer-desc .color-red { color: #ff3e55; font-size: 12px; font-weight: 500; line-height: 20px; float: right;}.top-gainers-loosers .curve-image{border-radius: 50%;}/* .top-gainers-loosers ul::-webkit-scrollbar { height: 5px; border-radius: 50px;} *//* .top-gainers-loosers ul::-webkit-scrollbar-track { background-color: #f1f1f1; } */.top-gainers-loosers ul::-webkit-scrollbar { display: none; /* Hides the scrollbar in WebKit browsers */}/* For Firefox */.top-gainers-loosers ul { scrollbar-width: none; user-select: none;}.circle-image{ border-radius:50px;} Market Top Gainer Prosper/ PROS $ 0.060732 53.591% Alpine F1 Team Fan Token/ ALPINE $ 1.102280 43.328% Verasity/ VRA $ 0.002893 28.735% Maple Finance/ SYRUP $ 0.208815 21.313% Infinitar/ IGT $ 0.300104 20.359% document.addEventListener("DOMContentLoaded", function () { const gainersContainer = document.querySelectorAll('.top-gainers-loosers'); gainersContainer.forEach(container => { const list = container.querySelector('ul'); // Select the first ul within this container // Attach event listeners for drag scrolling list.addEventListener('mousedown', handleMouseDown); list.addEventListener('mouseleave', handleMouseLeave); list.addEventListener('mouseup', handleMouseUp); list.addEventListener('mousemove', handleMouseMove); });});// Named functions for handling eventslet isDown = false;let startX;let scrollLeft;function handleMouseDown(e) { isDown = true; this.classList.add('active'); // Optional: for styling active state startX = e.pageX - this.offsetLeft; scrollLeft = this.scrollLeft;}function handleMouseLeave() { isDown = false; this.classList.remove('active'); // Optional: remove active state}function handleMouseUp() { isDown = false; this.classList.remove('active'); // Optional: remove active state}function handleMouseMove(e) { if (!isDown) return; // Stop the function from running if mouse is not down e.preventDefault(); // Prevent text selection const x = e.pageX - this.offsetLeft; const walk = (x - startX) * 2; // Scroll-fast this.scrollLeft = scrollLeft - walk;} Overview Cryptocurrency ICON Token ICX Price $ 0.10868146 12.90% Market cap $ 115,534,708.8026 Circulating Supply 1,063,058,082.4433 Trading Volume $ 103,150,794.3244 All-time high $ N/A All-time low $ N/A 24 High Coming soon 24 Low Coming Soon *The statistics are from press time. ICON (ICX) Price Prediction 2025 ICON is a NexGen blockchain-based platform meant to support blockchain network interconnection and batch processing on a single layer. As newer and better features are invented on the platform, it could gain momentum and become pricier at $0.2417. Conversely, a potential financial breakdown or a global market collapse might cause the price to fall to $0.0806 . However, considering the bullish and bearish targets, the average price may find its base at $0.1611 . Year Potential Low Average Price Potential High 2025 $0.0806 $0.1611 $0.2417 ICX Price Prediction 2026-2030 Year Potential Low Average Price Potential High 2026 $0.1210 $0.2417 $0.3626 2027 $0.1815 $0.3626 $0.5439 2028 $0.2722 $0.5439 $0.8159 2029 $0.4083 $0.8159 $1.2239 2030 $0.6124 $1.2239 $1.8358 ICX Price Prediction 2026 : Potential low at $0.1210, average price at $0.2417, and potential high at $0.3626. ICX Price Prediction 2027 : Potential low at $0.1815, average price at $0.3626, and potential high at $0.5439. ICX Price Prediction 2028 : Potential low at $0.2722, average price at $0.5439, and potential high at $0.8159. ICX Price Prediction 2029 : Potential low at $0.4083, average price at $0.8159, and potential high at $1.2239. ICX Price Prediction 2030 : Potential low at $0.6124, average price at $1.2239, and potential high at $1.8358. Click here to read our price prediction of Moonbeam (GLMR). Market Analysis Firm Name 2025 2026 2030 Changelly $0.110 $0.146 $0.769 CoinCodex $0.101083 $0.091821 $0.006024 Binance $0.10936 $0.114828 $0.139574 Coinpedia’s ICX Price Prediction As per the ICON price forecast formulated by our experts, the coin has solid fundamentals and an enthusiastic team supporting it. That said, the coin can rise to the maximum price of $0.2417 if bulls outpace the bears. On the flip side, the coin may touch the bottom at around $0.0806. Year Potential Low Average Price Potential High 2025 $0.0806 $0.1611 $0.2417 To read our price prediction for Polkadot (DOT) click here ! FAQs Is ICON a good investment? ICON has more than doubled in price since 2020, it can bring in good returns if considered for the long term. Should I invest in ICON? ICON is a secure platform, however, it does have some major rivals in the industry. So you may consider adding a small portion of the coin to your portfolio. What will the minimum and maximum price of ICON be by the end of 202 5 ? The coin can strike record levels with a maximum and minimum trading price of $0.2417 and $0.0806 by the end of 2025. How high can the price of ICON go by the year 2 030 ? The token can break out of its bearish market to reach the highest trading price of $1.8358 by 2025. ICX BINANCE

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Ethereum Price Prediction: Can BlackRock’s ETF Flows Ignite a Rally to $10,000

Ethereum price forecasts are bolstered as the altcoin of choice among institutions—BlackRock’s ETF drew $20 million inflows during May 2 trading, while the rest of the cohort saw no movement. The move coincides with what has been a week of volatility, with ETH trading within a narrow range but closing the week at a 3% loss. As the US-China trade war starts to hit consumers and U.S. GDP contracts for the first time since Q1 2022, market momentum has broadly stalled. Yet Ethereum’s traction in traditional investment circles signals growing institutional confidence—strengthening its case in the “best crypto to buy” conversation. Traditional Markets Back Ethereum: What Do They Know? According to CoinGlass data , ETHA attracted $20.1 million on May 2. The addition brings BlackRock’s ETH holding to almost 2% of the total market cap. With ETF inflows in play, BlackRock now holds almost 2% of the $ETH supply. These guys don’t make moves without understanding the bigger picture. pic.twitter.com/an7u6CLCBE — Crypto Rover (@rovercrc) May 6, 2025 This substantial accumulation signals heightened institutional interest and could tighten ETH liquidity on major exchanges, easing volatility through longer-term supply-demand dynamics. The move also comes just ahead of the May 7 Pectra hard fork . The upgrade aims to improve network speed, reduce fees, and improve the quality of life for its users. Pectra also raises the staking cap from 32 ETH to 2,048 ETH, giving institutions a stronger foothold in Ethereum staking. Ethereum Price Analysis: Could This Really Rally to $10K? While a $10,000 Ethereum price is an unrealistic near-term target as economic concerns continue to weigh on risk-on sentiment, there is merit to the argument that ETH could see a surge. The past few months have been turbulent, but they have yet to invalidate a symmetrical triangle pattern forming since 2021. ETH / USDT 1-week chart, symmetrical triangle breakdown. Source: Trading View / Binance. Still, the validity of this pattern hangs in the balance—if the past month’s reversal holds, the dip below the pattern’s lower boundary could be brushed off as a false breakdown. But if momentum fades, Ethereum risks a return to the support zone that has underpinned its 4-month decline at $1400. A breakdown there would open the door to a deeper 40% slide toward $1,050—fully invalidating the pattern. That said, signs of strength are emerging. The MACD line is en route to form a golden cross, surpassing the signal line—often signaling a long-term trend shift on such a high time frame. However, the RSI struggles to break free of oversold territory below 40—a sign that buyers currently lack the conviction to push the next upwards move. Should buying pressure return and the Ethereum price break back into the triangle pattern, the next major target sits at $2,520—a 40% move from current levels. Institutions’ Favourite Crypto Could Be Boosted By This New ICO Despite institutions favouring Ethereum as the altcoin of voice, Bitcoin remains the go-to cryptocurrency, attracting $675 million inflows during May 2 trading. But, while Bitcoin provides stable gains, it often sacrifices upside potential—that’s where Bitcoin Bull (BTCBULL) comes in, offering a fresh way to capitalize on BTC tailwinds. True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model. The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter. With some analysts forecasting highs of $1M this cycle and BTC finally back on the recovery path, BTCBULL could become a Bitcoin Maxi’s best friend. With over $5.3 million raised in its initial 6 weeks, the project is already gaining strong momentum—potentially credited to its 77% APY on staking that rewards early investors. You can keep up with Bitcoin Bull on X and Telegram , or join the presale on the Bitcoin Bull website . The post Ethereum Price Prediction: Can BlackRock’s ETF Flows Ignite a Rally to $10,000 appeared first on Cryptonews .

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Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst

A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC . The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red). Any dips into 64% would constitute a retest. A successful retest would enable final trend continuation on the road to 71% (green box).” Source: Rekt Capital/X At time of writing, Bitcoin dominance currently stands at 64.82%. Next up, the analyst says that Bitcoin needs to hold a key support level at $93,500 on the weekly chart to maintain bullish momentum. “Bitcoin has rejected from the lower high resistance (black diagonal). Going forward, Bitcoin will need to hold the $93,500 range low to fully confirm a reclaim of the range.” Source: Rekt Capital/X Lastly, the analyst says Bitcoin may follow a similar pattern seen in April of 2024 on the weekly chart, eventually hitting new all-time highs if it plays out. “This idea was first explored in mid-October 2024 and actually ended up playing out. It would be poetry if Bitcoin repeated history and followed through on the same path in this current range as well. For history to repeat, BTC would need to: Reject from $99,000. Hold $93,500. Break $97,000-$99,000. Reject from $104,500. Hold $97,000-$99,000 as support. Breakout to new all-time highs.” Source: Rekt Capital/X Bitcoin is trading for $94,604 at time of writing, down 1.1% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst appeared first on The Daily Hodl .

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Leak Reveals Wall Street Is Quietly Gearing Up For A Huge Bitcoin And Crypto Price Boom

A leak has revealed Wall Street companies are quietly betting on a Trump-fueled bitcoin price rally...

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Dogecoin Price Gears Up For 2,087% Run As This Technical Indicator Turns Bullish

The Dogecoin price is flashing green again, with a 2,087% surge potentially on the horizon, thanks to a powerful technical reversal. The Dogecoin price has been in a consolidation phase, but could finally be ready to break out parabolically. While the Dogecoin price movement seems exciting, FloppyPepe (FPPE) is gaining traction in its presale as investors continue to secure their stake in this groundbreaking meme coin. Dogecoin Price Eyes 2,087% Upside As Key Market Indicator Flashes Green Despite the Dogecoin price’s relatively quiet pace recently, crypto analyst Kevin has highlighted an underlying indicator that suggests a potential shift is brewing. The monthly RSI for the Dogecoin price is now at the same level as when the coin traded around $0.11, implying significant room for upward momentum. The analyst stated that the Dogecoin price projections vary depending on Bitcoin’s trajectory. More modest scenarios place the Dogecoin price near $1.80, and extremely bullish cases hint at highs approaching $3.90, a 2,087% increase from its current price level. FloppyPepe (FPPE) Reshapes What Meme Coins Can Be In The Altcoin Space Upon initial inspection, FloppyPepe (FPPE) may seem like another altcoin benefiting from hype. Nevertheless, this token has shifted the conversation around meme coins with its distinctive features and strategy. The project also emphasizes the security and protection of its community. It has undergone a SolidProof audit and implemented stringent cybersecurity measures, such as multi-signature wallets and a bug bounty program. FloppyPepe (FPPE) has partnered with prominent internet brands and already has an active gaming ecosystem in beta. Additionally, Floppynomics generates supply pressure, and its swiftly growing community has set the stage for a possible breakout rally. Content And Meme Creation Made Easy With FloppyPepe (FPPE) Investors are drawn to FloppyPepe (FPPE) for its combination of community-focused appeal and practical functionalities supported by its AI ecosystem. The platform features fascinating tools, such as Meme-o-Matic and FloppyX . These tools were created to assist community members in generating content that can be easily monetized, providing them with various revenue opportunities. These features attract investors, digital artists, and content creators. Users only need to input text prompts; the tools will generate unique images and videos. FloppyPepe (FPPE) Aligns Perfectly With the Rising AI Coin Trend FloppyPepe (FPPE) recognizes the importance of AI in the growing world economy. It integrates AI capabilities into its foundation to provide immediate, culturally relevant content. With the market capitalization of AI tokens projected to rise from below $1 billion to $66 billion by 2025, investors are increasingly interested in projects that include AI. Furthermore, the AI coin market has been projected to hit a valuation of over $200 billion by 2030, and its incorporation into the meme coin sector is quickly becoming essential for the evolution of next-generation cryptocurrency. Earning With Purpose: FloppyPepe’s (FPPE) Mission To Reward And Rescue When traders stake FloppyPepe (FPPE) tokens, they can earn exclusive rewards, such as additional token bonuses and early access to new platform features. Staking tokens allows participants to earn passive income through automated redistribution while improving the ecosystem by increasing liquidity and stability. This AI meme coin provides significant utility. For example, each FloppyPepe (FPPE) transaction donates 1% to conservation initiatives. By collaborating with renowned conservation groups like the World Wildlife Fund (WWF), this ecosystem guarantees that meme culture goes beyond simple entertainment and has a meaningful impact. Embrace This Life-changing Opportunity Today FloppyPepe (FPPE) is gaining momentum as its presale garners interest from investors. Those who acquire tokens early can benefit from a remarkable 80% bonus on their token purchase by using the code FLOPPY80 at checkout. This groundbreaking meme coin is still selling for an affordable price of $0.0000002, but a price increase is imminent as its first stage approaches an end. Investors are encouraged to acquire as many tokens as possible before the opportunity slips away. Join the FloppyPepe (FPPE) presale and community: Website | Whitepaper | Telegram | X (Twitter) Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Dogecoin Price Gears Up For 2,087% Run As This Technical Indicator Turns Bullish appeared first on Times Tabloid .

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IBIT Surpasses GLD in Inflows: A Strong Signal for Bitcoin ETF’s Future Growth

COINOTAG reports that as of May 6th, Eric Balchunas, a senior analyst at Bloomberg, highlighted significant market developments in his recent commentary. IBIT has seen an impressive infusion of capital,

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XRP Lawsuit: Ripple’s CLO Shares Key Reason Behind SEC’s Decision to Drop its Appeal

In a recent interview, Ripple’s Chief Legal Officer, Stuart Alderoty , made an interesting revelation about the SEC. He shared what he believes might have propelled the regulator to backpedal on its stance in the Ripple vs. SEC lawsuit. The SEC’s decision to drop its appeal in the Ripple case has had an undeniable impact on the cryptocurrency industry. However, the development has since sparked a long debate about the factors fueling the SEC’s decision to end the four-year legal battle. In a new Ripple segment dubbed “Crypto in one minute,” the firm’s CLO addressed the SEC’s move to halt its appeal case against Ripple, explaining that the regulator’s reasoning for filing the lawsuit was largely vague. “I think the real question is, why did they [the SEC] bring the case? The SEC has not only dropped its appeal against Ripple, they’ve now dropped every case against every crypto company in the United States.” He remarked. Can the SEC become Crypto-friendly? Ripple’s CLO shares his views As Stuart Alderoty stated, the SEC has dropped investigations and many high-profile cases against leading cryptocurrency firms, including Coinbase, ConsenSys, Kraken, Yuga Labs, Immutable, and many others. “The SEC has now admitted what we’ve always been saying; that you can’t bring endorsement actions for violating the law, without first explaining what the law is. We never had clear laws, rules, and regulations regarding crypto in this country. So we’re gonna clean up this mess, we’re gonna get out of the courtroom, we’re gonna get back to running business.” Alderoty added. The CLO expresses optimism in the long term, observing that the regulator appears committed to working with Congress to implement crypto regulations that protect consumers and the integrity of the market, eliminate bad actors, and foster innovation in the industry.

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