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The US Senate has scheduled its final vote for the GENIUS Act for June 17 as the Securities and Exchange Commission (SEC) scraps a series of crypto rules that were proposed under the Biden administration. The official website for Senate Democrats revealed the scheduled date in a notice yesterday. The exact time for the vote will be decided later by the Majority Leader in consultation with the Democratic Leader, the notice added.  GENIUS Act Could Give Much-Needed Stablecoin Clarity In The US The GENIUS bill aims to establish a legal and regulatory framework for stablecoins.  That framework includes requiring stablecoin issuers to fully back their tokens with US dollars or similarly liquid assets, mandating annual audits for issuers with more than $50 billion in market cap, and adding compliance guidelines for issuers outside of the US. 🚨JUST IN: The Senate will vote on the final passage of the GENIUS Act on Tuesday, time TBD. pic.twitter.com/D9E8wiv4CA ...

All eyes are on the long-running Ripple v. The U.S. Securities and Exchange Commission (SEC) case again, with June 16 marking the expiration of the SEC’s 60-day window to update the U.S. Court of Appeals on the status of the case. The deadline was set in April, when the Second Circuit Court of Appeals agreed to a pause following a joint request from Ripple and the SEC, on the condition that the SEC file a status report by June 15. Bill Morgan, Ripple’s attorney, noted that “something has to happen” by June 16, suggesting major procedural updates and the continuation of the appeals process are equally possible. The count down to the date the SEC must report to the Appeal Court is now 12 days. Something has to happen by then or the Appeal and Cross-appeal continues and a briefing is due from Ripple. pic.twitter.com/pxImvvJxGG — bill morgan (@Belisarius2020) June 4, 2025 Is the XRP v. SEC court case finally ending? The legal community is more divided on whe...

Ripple’s XRP token had struggled to gain traction over the last few years. The lackluster performance was due to the SEC’s lawsuit against the fintech company. The financial watchdog accused the firm of selling unregistered securities. The asset began to generate steam once again in 2024 after investors expected the litigation to be dropped. The lawsuit was finally resolved earlier this year. Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion Forbes Lists Three Things That Can Push XRP’s Price In 2025 1. Mainstream Financial Integration Source: CryptoSlate Also Read: Saudi Arabia and China Sign 57 Deals Worth Over $3.73 Billion USD According to a report by Forbes, XRP could become an essential liquidity tool if Ripple’s cross-border solutions gain traction. The asset is already quite popular for cross-border remittances. If the platform experiences a surge in adoption, it could lead to a massive price spike for XRP. 2...

US President Donald Trump says crypto is important and wants the US to build dominance over China in the digital asset space. “I want crypto. I think crypto’s important because if we don’t do it, China’s going to,” Trump said in an interview with Kristen Welker on NBC News’ Meet the Press that was released on May 4. “And it’s new, it’s very popular, it’s very hot,” he added. Trump Criticizes Biden For “Violently” Attacking The Industry CBS News’ Jennifer Jacobs reported on X that Trump wants to keep crypto “away from China.” According to her, the President warned that if the US does not build and maintain dominance in the digital asset space, “China will take it over,” similar to what they did with artificial intelligence (AI) and “so many other industries.”  Trump said he's a big fan of cryptocurrency — "I want to keep it away from China." He said h...

The cryptocurrency market has failed to gain any ground on a stagnated market this month. However, things could be set to change for one asset placed firmly within the top 15 cryptos by market cap. Indeed, Chainlink may get a surprising boost from the US Securities and Exchange Commission (SEC) as LINK eyes 26% upside in April. The token is among the most interesting, as it has shown immense potential since the start of the year. Moreover, it could be set to get a notable boost from regulatory action that the government agency has embraced for much of 2025 so far. The question is, just what will that jump look like? Source: Chain.link Also Read: Chainlink (LINK) vs. TRON (TRX): Which Is Better For This Dip? Chainlink Could Get Boost From Unlikely Source as LINK Eyes Turnaround It has been a rather uneventful month for Chainlink so far. Indeed, the asset ended the week neutral while dropping more than 13% over the last 30 days, according to CoinMarketCap. Moreover, it is down 7% compare...

Polkadot (DOT) has been one of the top performers this week. Despite the entire market’s slow down, the altcoin recorded a 12.67% throughout the last seven days. The asset went from trading at a low of $4.02 all the way to a high of $4.55. This came as a major respite for the DOT market which has been struggling for a while now. Despite its slight rise in the final months of 2024, the asset’s annual price change stands at a negative 50%. But, the Securities and Exchange Commission’s latest move could bring in great gains for the asset. Also Read: Nvidia (NVDA) Stock Forecast: 69.5% Growth by December 2027? Polkadot’s Current Market Source: The Coin Republic DOT had a fairly bullish day as it went from trading at $4.33 all the way to $4.55. This comes after a 1.97% rise over the past 24 hours. At the time of writing, the asset was trading at $4.53. It should be noted that DOT has been trading 91% below its all-time high. The altcoin hit a peak of $55 about three y...

As much as Donald Trump’s re-election triggered a massive rally across multiple assets, XRP significantly benefited from the confirmation that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign on January 20. Indeed, the events of the final months of 2024 caused a storm, sending the token from $0.51 on November 1 to a high near $3.35 and, finally, to its press time price of $3.20. All in all, XRP has rallied a total of 492.16% by January 30, 2025, since the start of November. XRP 6-month price chart. Source: Finbold Still, the performance since the January 20 Trump inauguration and Gensler’s resignation has been substantially more tame. Picks for you Nexo wins the Most Exciting Payments Solution of 2025 INATBA award  2 hours ago ...

Coinbase asked a US appeals court to rule on whether crypto transactions are investment contracts, arguing that the issue is of ”immense importance to the crypto industry.” The case comes hard on the heels of the departure from the Securities and Exchange Commission of former Chair Gary Gensler, who had waged war against the crypto industry, bringing multiple cases that crypto transactions are investment contracts. “This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” said lawyers for Coinbase, the biggest crypto exchange in the US. ”Without it, market participants face different rules before different courts, and neither the Commission nor Congress can be certain who is responsible for the regulation of digital-asset trading.” Now that Donald Trump has retaken the White House and Gensler is to be replaced by the pro-crypto Paul Atkins, it’s also considered likely that ...

Crypto industry executives and investors are remaining positive even after Bitcoin plunged 5.3% after Donald Trump failed to mention crypto during his inauguration speech yesterday. On his first day as the 47th President of the United States, Trump signed numerous executive orders, but none mentioned crypto assets or related policies. The overall crypto market cap has dropped 6.8% in the past 24 hours, according to CoinGecko. Trump family meme coins $TRUMP and $MELANIA led meme coin losers with drops of 21% and 51%, respectively. Despite this, many crypto investors and executives are not worried. “He has already fully expressed his dedication to crypto with his actions all weekend,” said a futures trader known as Satoshi Flipper, who has 225,000 followers. “He’s fully locked in, buying hundreds of millions worth of altcoins, and people out here paranoid the top is in because Trump didn’t say ‘Bitcoin’ today.” Some ”Freaking Out...

Top Republican officials at the U.S. Securities and Exchange Commission (SEC) will begin revising cryptocurrency policies as early as next week, immediately after Donald Trump takes office, Reuters reported, citing sources briefed on the matter. SEC commissioners Hester Peirce and Mark Uyeda are considering the measures that would start the process of creating guidance or rules to clarify when the agency deems a cryptocurrency to be a security, it said. They are also reviewing pending crypto enforcement cases in the courts, and some may be frozen, the story added. Trump to overhaul crypto policy at SEC and may freeze enforcements – Reuters pic.twitter.com/25VzeNCbpE — BALU (@balubalucoin) January 15, 2025 Crypto regulations under the Biden administration, characterized by strict oversight, are expected to change with the incoming Trump administration. Led by Paul Atkins, a former agency commissioner and Trump’s nominee for SEC chair, the SEC leadership focus will...

When OpenSea blogged about a Wells notice it received from the Securities and Exchange Commission (SEC), thousands of supporters instantly rallied. Withholding the actual letter, OpenSea broadcast a response in which it bemoaned the SEC’s supposed targeting of NFTs. The statement claimed that “classifying NFTs as securities would not only misinterpret the law, but would also jeopardize artists’ livelihoods.” It also warned of commissioners’ allegedly “harmful consequences for consumers, creators, and entrepreneurs.”  Uproar ensued. Crypto promoters couldn’t agree more fervently with OpenSea’s blog and were more than happy to accept its characterization of the facts. They duly tweeted their views to millions of viewers. “I guess Gary Gensler thinks NFTs are securities after all,” wrote Bankless, putting words in the chairman’s mouth. “The SEC is now trying to claim that NFTs are securities,” tweeted Tyler Winklevoss, gaining 225,000 views. Brazenly, the CEO of OpenSea ...

The SEC has officially approved the trading of Spot Ethereum ETFs for tomorrow, July 23. U.S. regulators have given final approval for the S1 forms for ETFs that hold Ethereum’s ether. The Ether ETFs will be available for trade upon the opening bell. BREAKING: SEC officially approves spot Ethereum ETF trading for tomorrow. — Watcher.Guru (@WatcherGuru) July 22, 2024 The asset is set to be only the sec ond crypto-based ETF in the United States. Moreover, the market is hopeful it can mirror Bitcoin’s success. The leading cryptocurrency debuted its ETF in January. Just three months later, the BTC reached an all-time high price of $73,000. The decision caps a years-long process to get ether ETFs approved by the SEC, giving investors a new crypto asset to invest in. Ether ETF applicants first received 19b-4 form approvals back in May. However, many delays on the SEC’s end in looking over the final documents occurred. Now, we are less than 24 hours away from the first trade...

The US Securities and Exchange Commission (SEC) has reportedly requested that both Nasdaq and the Chicago Board Options Exchange (Cboe) make appropriate updates to their applications to list Spot Ethereum ETFs, according to a Reuters report. Indeed, the request arrives amid a surge in expectations regarding the potential approval of the Ether-based investment product. Earlier this week, Bloomberg increased the odds of Ethereum ETF approval from its previous 25% to a remarkable 75% chance. JUST IN: SEC asks Nasdaq , and Cboe to update spot #Ethereum ETFs filings, Reuters reports. — Watcher.Guru (@WatcherGuru) May 21, 2024 Also Read: Fidelity Amends Ethereum ETF, Eliminates ETH Staking SEC Request ETH ETF Filing Update From Nasdaq, Cboe The start of 2024 saw the SEC issue landmark approval for the inaugural Spot Bitcoin ETFs in the United States. That development led to immense success for the leading crypto, with BTC ascending to an all-time high of $73,000 ...

The US House Financial Services Committee has released a statement saying the US Securities and Exchange Commission (SEC) was contradictory in its Ethereum (ETH) sec urity claim. Indeed, they note that the claims about ETH’s sec urity status directly contradict statements from the agency’s chairman, Gary Gensler. Within the statement, the US Banking Committee claimed they will “continue to hold the SEC accountable for its regulatory overreach” within the digital asset market. The questions regarding the agency’s classification of Ethereum have been critical in ongoing applications to issue the United States’ first Spot ETH ETF. Classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler. Republicans will continue to hold the SEC accountable for its regulatory overreach that is stifling innovation, leaving consumers unprotected, and risking our national security. https://t.co/XohLYtp7EF — Financial Serv...