Ripple's Chief Legal Officer outlines 6 principles to the US SEC, urging them to adopt a prudent approach to cryptocurrency regulation

According to Cointelgraph, Senator Tommy Tuberville of Alabama plans to promote the legislation of the Financial Freedom Act for the third time, which aims to allow Americans to include cryptocurrency in retirement savings plans. The Republican congressman stated in an interview with Fox News on March 31 that he will resubmit the bill, which failed twice in 2022 and 2023, on April 1, and stated that this move is intended to help President Trump shape his image as a "crypto friendly president". The core content of this bill is to limit the regulatory authority of the US Department of Labor over the investment targets of 401 (k) retirement plans, which was first proposed in May 2022. It is worth noting that Wyoming Senator Cynthia Lummis co signed the 2023 version of the bill. The Republican had previously publicly expressed support for "including Bitcoin in retirement funds," but as of press time, her latest position has not been confirmed. The advancement of this encrypted pension bill coincides with the Republican led 119th session of Congress reviewing the Cryptocurrency Market Structure Act and the stablecoin regulatory framework. Supporters are calling for the relevant bill to be submitted to President Trump for signature before the August congressional recess to avoid political interference in the future.

In its prospectus for an initial public offering, Circle said that in 2023, it acquired “the remaining outstanding 50% equity interest in Centre Consortium” from Coinbase for $210 million worth of shares.Coinbase said in August 2023 it had taken an “equity stake in Circle” as part of a new arrangement that led to the dissolution of the two companies’ stablecoin venture Centre Consortium, but no dollar amount was mentioned at the time.

1. Texas deliberates on Bitcoin investment bill to advance 2. SEC and Gemini explore litigation solutions 3. GameStop raises funds to purchase Bitcoin 4. Circle applies for IPO and plans to list on the New York Stock Exchange 5. Uniswap DAO supports financial authorization plan 6. Blockchain Association CEO to join Solana 7. EU warns of risks associated with US cryptocurrency policies and traditional finance 8. Metaplanet increases its holdings of Bitcoin to 4046 The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/451497

According to Bitcoin Magazine, Texas House Bill 4258 (H.B. 4258) was submitted to the Government Efficiency Executive Committee for review today. The bill authorizes state auditors to invest up to $250 million in Bitcoin, and also authorizes municipalities or counties to invest up to $10 million of their funds or funds under their control in Bitcoin and/or other cryptocurrencies. If the bill becomes law, it will take effect on September 1, 2025, leaving time for state and local government officials to develop investment strategies and custody plans. According to Bitcoin Laws, H.B. 4258 is one of the eight currently effective Bitcoin or cryptocurrency related bills submitted to the Texas Senate or State House of Representatives. Among these eight bills, it is the fifth one to enter the committee review stage. Four of the bills (including the current one) will authorize the state to include Bitcoin in its balance sheet in some way. The other three bills - H B. 1598、 Senate Bill (S.B.) 21 and S B. 778- Both call for the establishment of a Strategic Bitcoin Reserve (SBR) in Texas. These three SBR bills have all entered the committee review stage, among which S B. 21 has now entered the second round of deliberation by the committee.

According to Bloomberg, the US Securities and Exchange Commission (SEC) has stated to the federal court in New York that it hopes to "explore potential solutions" to settle its lawsuit against Gemini Trust, a cryptocurrency exchange owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested a 60 day extension of the civil lawsuit on Tuesday. Before Trump's inauguration in January this year, Gemini had agreed to pay $5 million to reach a settlement with the US Commodity Futures Trading Commission (CFTC). SEC sues Gemini in 2023, accusing the exchange of colluding with crypto lending institution Genesis Global Capital through&34; Gemini Earn& 34; The project illegally raised billions of dollars in encrypted assets. Last year, Gemini agreed to return at least $1.1 billion to customers in another settlement with regulatory agencies in New York State. The Trump administration has now withdrawn enforcement actions against multiple cryptocurrency companies.