XRP open interest surged to $4.61 billion after the likelihood of an altcoin-backed exchange-traded fund (ETF) launch skyrocketed to 87%. This spike followed the US Securities and Exchange Commission's (SEC) approval of Grayscale’s crypto ETF.
Republican Senator Cynthia Lummis has introduced a new tax bill designed to support the cryptocurrency industry. Her initiative seeks to reduce bureaucratic hurdles often faced by holders of crypto assets, such as bitcoin.
Ripple has officially applied for a national bank charter in the US, CEO Brad Garlinghouse announced in a post. The crypto company submitted its application to the Office of the Comptroller of the Currency (OCC), the country’s top banking regulator.
Grayscale Investments has received approval from the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund (GDLC) into a spot cryptocurrency ETF. This was reported by CoinMarketCap.
In the spring, Vietnam held an official event involving the Ministry of Finance, central bank officials, and Techcom Securities to discuss the possibility of creating a national centralized cryptocurrency exchange, acording to Coincu.
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