The world of cryptocurrencies saw a large number of important developments this week, covering politics, regulation, corporate movements and market adoption.
In addition to the resignation of BO HIES of the Council of Digital Assets Advisors, the legal cases of high profile against the creator of Tornado Cash and the founder of Binance Changpeng Zhao advanced.
Meanwhile, the actors in the Coinbase market to Animoca Brands announced new companies, universities made great Bitcoin movements, and President Trump authorized cryptocurrency in retirement plans.
Here is a breakdown of the main stories that shape the panorama of digital assets at this time.
Summary
- Trump signs the executive order that allows cryptographic investments in plans 401 (K)
- Ripple and secuntarily dismiss the appeals, ending the legal battle of the years
- Harvard and Brown universities reveal great Bitcoin positions in the SEC presentations
The presidential crypto council sees leadership change
- Bo hines has announced His decision to resign the Presidential Council for Advisors for Digital Assets.
- Now he plans to carry out private sector activities after his appointment of December 2024 by Trump.
- It is anticipated that Deputy Patrick Witt will assume the leadership role of the “Crypto Council” after the huge transition.
The legal battle of Ripple-Sec reaches the final conclusion
- The demand for the stock exchange and values against Ripple Labs finally Came to an end Thursday.
- Both parties informed the Court of Appeals of the Second Circuit that were voluntarily dismissing their appeals.
- Each organization will have its own legal costs of litigation, according to the presentation of the court.
Ripple acquires Rail for $ 200 million
- The Blockchain payment company announced He is buying the Stablecoin payments with headquarters in Toronto for $ 200 million.
- The transaction is expected to be completed during the fourth quarter, according to the official statement.
World Liberty Financial points to the collection of mass funds
- The company backed by the Trump family is pursued $ 1.5 billion in capital to establish a public company structure that has WLFI tokens.
- According to the reports, the business has contacted cryptocurrency and technology investors that seek support for a treasure company model.
Harvard and Brown universities enter the Bitcoin market
- According to the presentations of the SEC 13F, Harvard Management Company, the subsidiary owned by the University, invested $ 116 million in Ishares Bitcoin Trust of Blackrock.
- Brown University also revealed Bitcoin exposure through similar regulatory documentation.
Coinbase integrates decentralized exchange capabilities
- Cryptocurrency exchange announced On Friday will launch the integration of DEX to provide access to “millions” of digital assets that were not available for users.
Animoca Brands forms the joint company of Stablecoin
- The web inverter associated With the Hong Kong Division of Standard Chartered and the Telecomunda of Hong Kong to create Anchorpoint, a license stable issuance company.
- The joint company plans to develop business models for regulated Stablecoin operations in the Hong Kong market.
Trump authorizes cryptocurrency in retirement plans
- Triumph signed An executive order that allows cryptographic investments in retirement accounts 401 (K).
- This policy change could influence heritage administrators who previously avoided the exposure of cryptocurrencies to reconsider their investment strategies.
Paxos smooth New York charges for $ 26.5 million
- The Stablecoin issuer agreed To pay the fine to resolve the positions of the Department of Financial Services of the State of New York related to its previous Binance Association.
Roman storm condemned in the case of tornado in cash
- A MANHATTAN jury convicted Roman Storm, Cash Tornado creator, to conspire to direct an unauthorized money transmission company.
- The sentence has not been scheduled, and prosecutors have not announced if they will try the storm again for the remaining positions.
Zhao challenges the demand for bankruptcy ftx
- Changpeng Zhao, former CEO of Binance, filed A motion for the demand for $ 1.76 billion of bankruptcy assets FTX dismissed.
- His lawyers argue that he was not properly attended in the lawsuit and that the US courts have no jurisdiction over him.
