);)
On the 27th, the US court rejected the settlement request between Ripple and the US Securities and Exchange Commission (SEC). Previously, on the 12th, Ripple and the SEC had reached an agreement and requested the court to terminate the lawsuit that had been ongoing for about 5 years, including a $125 million fine for Ripple and a ruling defining XRP's institutional sales as securities. Judge Torres pointed out that there are still unresolved issues with XRP's institutional sales and rejected both parties' requests. The US court had previously rejected the settlement request from Ripple and the SEC last month.
2. Trump's 'World Liberty Financial' Raises $100 Million Investment from UAE Fund
On the 26th, the World Liberty Financial Foundation, a DeFi project led by the Trump family, officially announced the sale of approximately $100 million worth of World Liberty Tokens (WLFI) to the Aqua 1 Foundation, a UAE cryptocurrency fund.
3. MetaPlanet Adds Purchase of 1,234 Bitcoins
On the 26th, the Japanese listed company MetaPlanet officially announced the additional purchase of approximately 1,234 BTC.
4. US Senate Previews Cryptocurrency Market Structure Regulation Bill in Early August
The US Senate plans to release the 'CLARITY Act', a cryptocurrency market structure regulation bill, before the Senate recess in August. On the 26th, Tim Scott, chairman of the US Senate Banking Committee, announced that Senator Cynthia Lummis of the Digital Assets Subcommittee is currently completing the CLARITY Act. Scott explained that the CLARITY Act would be a key bill to regulate the overall cryptocurrency market structure.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
