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RIPPLE'S RLUSD EXPANSION PLANS UNVEILED FOR MAJOR EXCHANGES, INCLUDING COINBASE LISTING STRATEGY

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, is gaining momentum following its debut on Ethereum and the XRP Ledger last month.

Approved by the New York State Department of Financial Services (NYDFS), RLUSD has already been listed on Bitstamp, and Ripple is now in discussions with major exchanges like Coinbase to broaden its availability

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NEW HOUSE FINANCIAL SERVICES LEADERSHIP TARGETS DIGITAL ASSET REGULATION

The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation.

Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”

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XRP LAWSUIT: RIPPLE CTO REVEALS LEGAL STRUGGLES AND THE SILENCE HE WAS FORCED INTO

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has gained widespread attention, carrying profound implications for the entire cryptocurrency industry. The lawsuit, which began in December 2020, accuses Ripple, along with its CEO Brad Garlinghouse and co-founder Chris Larsen, of raising over $1.3 billion through an unregistered securities offering by selling XRP.

In the midst of this high-stakes legal fight, Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared his thoughts on the situation. He opened up about the challenges posed by the lawsuit and the broader regulatory scrutiny faced by the crypto industry. 

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SEC’S GENSLER SAYS MOST CRYPTO PROJECTS ARE DOOMED AS RIPPLE APPEAL DEADLINE NEARS

▪️Gary Gensler warns crypto market still rife with fraud, says many projects won’t survive in his final interview as SEC Chair.

▪️Outgoing SEC Chair Gary Gensler highlights scams in crypto, calls for stronger regulation as he prepares to step down.

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HOW THE BITCOIN FREEDOM ACT COULD SHIELD OKLAHOMANS FROM INFLATION?

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads. Recent developments indicate that US states are keen to protect people from the threat of inflation.

The Bitcoin Freedom Act introduced in the Oklahoma law-making house by Senator Dusty Deevers is the latest example. How much can this law impact the United States society? 

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SOUTH KOREA TO ALLOW CORPORATE FIRMS TO INVEST IN CRYPTO: WHAT’S NEXT?

▪️FSC’s new policy allows businesses to participate in digital asset investments legally.

▪️FSC proposes raising stock ownership limits for companies from 5% to 15%.

▪️Over 30% of South Koreans actively trade cryptocurrencies, indicating significant market growth.

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RIPPLE’S RLUSD GEARS UP FOR EXCHANGE LISTINGS – WHAT IT MEANS FOR CRYPTO’S FUTURE

Ripple RLUSD stablecoin enters new markets through major cryptocurrency exchange platforms. Ripple President Monica Long confirms “imminent” expansion plans. The move aims to cut down crypto market volatility. During her Bloomberg interview, Long said, “RLUSD will become a key component of Ripple’s payment infrastructure.”

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BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS

On the heels of immense threats from the West and geopolitical concerns brewing, the BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025. Indeed, the collective has seemingly confirmed the matter, as recent discussion pointed to their belief in de-dollarization as a certain necessity.

US President-elect Donald Trump has been outspoken in his defense of the greenback. Throughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.

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RIPPLE CAPS RLUSD SUPPLY AT 53.1M: WHAT’S DRIVING THE MOVE?

▪️Ripple’s deliberate pacing of RLUSD issuance reflects a commitment to regulatory compliance and long-term ecosystem stability.

▪️Ripple CEO Brad Garlinghouse expressed confidence in the incoming Trump administration’s potential to boost crypto innovation and job growth.

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BRICS NEWS:  BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY

The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.

He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.

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JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20

US CFTC Chair Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.

▪️US CFTC Chair Rostin Behnam is reportedly stepping down from his role this month.

▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.

▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.