);)
Ripple has settled the lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC submitted a joint resolution to the U.S. court agreeing to a $50 million fine for Ripple. According to the resolution, the SEC plans to return approximately $75 million to Ripple from the $125 million fine received from Ripple based on last August's court ruling.
2. Bitcoin Breaks $100,000 After Trump Trade Agreement Announcement
Bitcoin (BTC) broke $100,000 on the 9th after Trump announced a trade agreement with the UK. On the 8th (local time), President Trump stated in the White House office that the UK would only be subject to a basic tariff of 10%, not the previously announced 25%. After Trump's announcement, Bitcoin surged, with about $290 million in short bets being liquidated in the futures market, causing Bitcoin to break $100,000 on the 9th.
3. Fortune: "Meta Considering Stablecoin Introduction for Platform Payments"
It has been revealed that Meta is considering introducing a stablecoin for payments within its platform. Fortune reported on the 9th, citing sources, that Meta is exploring integration of various stablecoins like Tether (USDT) and USDC for payment processing. Meta had suspended development of its own stablecoin in 2022 due to opposition from the U.S. political sphere.
4. U.S. Stablecoin Regulation Bill 'GENIUS' Fails to Pass Senate Due to Democratic Opposition
The U.S. stablecoin regulation bill 'GENIUS' failed to pass the Senate due to Democratic opposition. The GENIUS bill, held on the 8th, did not ultimately pass in the Senate vote with 49 to 48 votes.
5. Foreign Media: "Trump Wrote XRP-Related Post Following Ripple's Lobbyist"
Politico reported on the 8th, citing sources, that a post by Trump in March about stockpiling XRP as a strategic asset for the U.S. government was written following a lobbyist hired by Ripple. Previously, on March 2nd, Trump mentioned cryptocurrency strategic stockpiling on his social media 'Truth Social', revealing plans to stockpile various altcoins including XRP as strategic assets for the U.S. government. Politico explained that Ripple's lobbyist Brian Ballard approached Trump and encouraged the writing of the post.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
