- Ripple and the SEC ended their legal battle over XRP, with both dropping appeals and Ripple paying a $125 million fine.
- Trump nominated Stephen Miran to temporarily fill a Federal Reserve seat after Adriana Kugler’s resignation.
- Trump’s upcoming executive order will allow crypto in 401(k) plans, opening the $12.5 trillion retirement market.
Lots happening in crypto today. Ripple and the SEC called it quits on their long-running court battle over XRP.
The Second Circuit Appeals Court said both sides dropped their appeals, wrapping things up. Back in 2020, the SEC claimed XRP was an unregistered security, but a 2023 ruling cleared XRP for public sales, though Ripple’s gotta pay a $125 million fine for institutional deals.
Meanwhile, Trump picked Stephen Miran to step in at the Federal Reserve after Adriana Kugler quit, while they hunt for someone permanent.
Ripple legal chief Stuart Alderoty shared news of the official end of the company’s legal battle. Source: Stuart Alderoty
Trump Paves Way for Crypto in Retirement Plans
Trump’s also set to sign an order that’ll let folks put crypto in their 401(k) retirement accounts, a massive $12.5 trillion market.
The White House says this pushes the Labor Department to loosen up rules on stuff like crypto, private equity, and real estate, working with the Treasury and SEC. It’s a big deal for crypto companies looking to get everyday investors on board.
Even with worries about market swings and murky rules, this could open the door for regular folks to dive into digital assets with their retirement savings.
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