🪙 Coins… Bitstamp said it’ll suspend trading of several altcoins — including matic and solana — for its US customers. The exchange pointed a finger at regulatory uncertainty (see: SEC’s crypto crackdown). Speaking of…
⚖️ Judgy… The SEC said it would appeal last month’s ruling that Ripple’s XRP token was not a security when sold to the public. The decision was seen as a blow to the SEC’s position that nearly every crypto is a security (aka: under the regulator’s purview).
📜 Policy… The Fed said it would more closely monitor banks’ crypto activities, including custody and stablecoin programs. Five months after the collapse of the crypto-friendly Silvergate bank, regulators continue to warn about crypto-related risks.
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