);)
The US Senate is set to vote on the stablecoin regulation bill 'GENIUS'. Republican representative John Thune, who leads the majority party in the Senate, explained in an interview with Politico on the 29th that the GENIUS bill will be voted on May 26th, designated as a memorial day.
2. US SEC Postpones Review Announcement for XRP and Doge Spot ETF to June 17th and 15th
The US Securities and Exchange Commission (SEC) has postponed the review announcement dates for the XRP and Doge spot ETFs submitted by Franklin Templeton and Bitwise to June 17th and 15th respectively. Previously, the review announcement dates were May 3rd and May 1st, but the SEC notified that additional time is needed to review the applications and further delayed the announcement dates.
3. Ripple CEO "XRP Will Overwhelmingly Defeat SWIFT"
Brad Garlinghouse, Ripple's CEO, said in an interview with Fox Business on the 29th that XRP will destroy SWIFT due to its superior performance. He explained that in international remittance, XRP overwhelms SWIFT in terms of speed and efficiency. The CEO's comments came after news that SWIFT and Ripple are exploring a potential partnership.
4. UK Announces Draft of Integrated Cryptocurrency Regulation
The UK government announced the draft of an integrated cryptocurrency regulation at a summit on the 29th. The government stated that the draft regulation was created as part of the national economic strategy, focusing on financial stability, investor protection, and market transparency. The draft defines that cryptocurrency companies will be supervised by existing financial institutions.
5. US Secretary of Commerce "Bitcoin as Part of National Financial Strategy"
Howard Lutnick, US Secretary of Commerce, again expressed the Trump administration's support for Bitcoin in an interview with Bitcoin Magazine on the 29th. He explained that the current US government recognizes the economic advantages of Bitcoin and is considering it as part of the national financial strategy.
6. Nexo Returns to US Market Amid Changing Conditions
Nexo, a cryptocurrency lending platform that essentially suspended services in the US market in 2023, announced plans to re-enter the US market. Antoni Trenchev, Nexo's co-founder, stated on the 29th at a business event that they will restart operations in the US due to the potential second term of the Trump administration and the resulting change in the US administration's attitude towards the cryptocurrency industry.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
