Ripple Files US Banking License Application
Ripple Files US Banking License Application
馃彟 Ripple's Banking Plot Twist
Ripple has submitted an application to the Office of the Comptroller of the Currency (OCC) for a US banking license. This move follows their ongoing regulatory journey, including their recent Form C appeal challenging the SEC's XRP securities ruling.
- Application aims to expand Ripple's financial services capabilities
- Comes amid broader crypto-financial integration efforts
- Follows previous regulatory developments with SEC
This development marks a significant step in Ripple's evolution from a crypto-focused company toward traditional banking services.
馃嚭馃嚫 New: @Ripple files an application with the OCC for a US banking license. Read the full article on @DecryptMedia 猬囷笍
SEC Reviews Grayscale ETF Approval
The Securities and Exchange Commission (SEC) is conducting a review of their recent approval of the Grayscale ETF. Key points: - SEC will notify NYSE of any potential actions - Previous context shows Grayscale could appeal if denied - Decision timeline remains unclear This development follows ongoing regulatory scrutiny of crypto investment products. Market participants should monitor official SEC communications for updates.
Major Crypto Market Updates and Corporate Treasury Moves
Bitcoin rebounds to $109.5K as several major developments unfold in the crypto space: - SEC makes significant moves: Authorizes Grayscale Digital Large Cap ETF and plans generic ETF listing standards - Big Beautiful Bill clears Senate hurdle (without BTC tax exemption) - Corporate Treasury expansion continues: * Figma reveals $100M BTC holdings in IPO filing * DFDV announces $100M note for SOL purchases * SRM Entertainment invests $100M in TRON * BMNR stock up 1000% after ETH treasury play Deutsche Bank plans crypto custody for 2026, while Coinbase acquires LiquiFi. USELESS token reaches new ATH above $250M. [Follow our daily updates](https://newsletter.example.com) for more crypto market insights.
FHFA Calls for Congressional Investigation of Fed Chair Powell
The Federal Housing Finance Agency (FHFA) has formally requested Congress to launch an investigation into Federal Reserve Chairman Jerome Powell. This development follows recent market reactions to Powell's comments at the FOMC meeting in March 2025. The call for investigation represents a significant escalation in scrutiny of Fed leadership during a period of economic uncertainty. - FHFA's unprecedented request targets Fed's top leadership - Follows controversial FOMC meeting statements - Markets showed notable reaction to Powell's March comments *This situation marks a rare instance of one federal agency publicly challenging the Federal Reserve's leadership.*
Ric Edelman Advises 10-40% Crypto Portfolio Allocation
Financial advisor Ric Edelman, who manages a $300 billion firm, recommends investors allocate between 10-40% of their investment portfolios to cryptocurrency assets. This represents a significant shift in traditional portfolio management advice. The recommendation was shared during an appearance on @fomohour, indicating growing institutional acceptance of digital assets as a legitimate investment class. This marks a notable evolution in professional investment guidance, as traditional advisors typically suggest much lower allocations to alternative assets.