Ripple nears securing a master account as the US Fed plans to broaden access to its payment system. The central bank is now seeking public comments on a proposed rulemaking for “payment accounts” or “skinny master accounts.” This move will improve crypto firms and fintechs’ payment settlements. It comes as Ripple continues its efforts to
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Ripple CLO Stuart Alderoty has expressed his support for the proposed CLARITY Act. In contrary, Arthur Hayes, urged President Donald Trump to veto the measure. Ripple CLO Supports CLARITY Act In a a recent interview, Hayes said digital assets shouldn’t be bound by government regulations to keep their relevance. However, Ripple’s CLO has a different
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Senator Cynthia Lummis detailed next steps for the Digital Asset Market Clarity Act. The bill, which passed a House committee with bipartisan support, is set to receive a full Senate vote later this year. What’s Next For The CLARITY Act? During an interview FOX Business with Charles Payne, Lummis announced that legislators are now working
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The April FOMC minutes indicate that most Fed officials are likely to support a rate hike if inflation continues to trend upward due to the U.S.-Iran war. Furthermore, another rate cut is unlikely anytime soon, with the officials noting the uncertainty that the Iran war has caused. FOMC Minutes Show Most Fed Officials Could Support
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WhiteBIT has announced the launch of whitebit.uk, which is a crypto platform for users specifically based in the United Kingdom. The announcement revealed that this has been done to establish WhiteBIT’s presence inside Europe’s regulated financial space. Platform Designed for Retail and Institutional Participants The announcement further revealed that the platform would have two modes.
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XRP price has dropped by 0.49% today, May 20, to trade at $1.36 at press time. The price might make a jump to $2 because there is a higher chance that the Federal Reserve will approve Ripple’s master account, after President Trump signed an executive order mandating the Fed to be more lenient to crypto
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Morgan Stanley has submitted revised S-1 registration statements to the U.S. Securities and Exchange Commission for two proposed crypto ETFs. The Wall Street giant just amended its application for Ethereum and Solana ETFs. Morgan Stanley Submits Amended S-1 For Ethereum, Solana ETF The filings are for Morgan Stanley’s Ethereum Trust and Solana Trust. In the
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