);)
Jerome Powell, Chairman of the U.S. Federal Reserve, left a supportive comment on establishing stablecoin regulations during a panel discussion at the Chicago Economic Club on the 16th. He argued that stablecoins could have high usability in the financial market and drive cryptocurrency popularization if they have investor protection functions.
2. SEC-Ripple Agree to 60-Day Lawsuit Suspension
Ripple and the U.S. Securities and Exchange Commission (SEC) submitted an application to the Second Circuit Court of Appeals to suspend their mutual appeal for 60 days on the 16th. The Second Circuit Court of Appeals officially announced on the 16th that it approved the 60-day appeal suspension requested by Ripple and the SEC.
3. Russia Considers Issuing Ruble-Linked Stablecoin... "Challenging US Dollar Dominance"
The Russian Ministry of Finance recently pointed out consecutive freezing of Tether (USDT) wallets related to Russia and proposed issuing a ruble-linked stablecoin. Osman Kavaloev, Deputy Director of the Financial Policy Department of the Russian Ministry of Finance, stated in an official statement on the 16th that Russia should issue its own stablecoin in response to ongoing economic sanctions.
4. OKX Announces Re-entry into US Market
Global cryptocurrency exchange OKX announced on the 16th through an official statement that it will develop business in the United States. Previously, in February, OKX had reached a $505 million fine agreement with the U.S. Department of Justice (DOJ). The DOJ had demanded a civil fine, stating that OKX provided trading to U.S. customers from 2017 without a legitimate license. OKX stated that it has established headquarters in San Jose, California, and hired a former Barclays executive as the new US branch CEO.
5. Bitwise Lists 4 Cryptocurrency ETPs on London Stock Exchange
Global asset management firm Bitwise listed 4 cryptocurrency Exchange Traded Products (ETPs) on the London Stock Exchange on the 16th. Bitwise announced through an official statement that it will list ▲Bitwise Core Bitcoin ETP ▲Bitwise Physical Bitcoin ETP ▲Bitwise Physical Ethereum (ETH) ETP ▲Bitwise Ethereum Staking ETP on the London Stock Exchange.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
