Good Afternoon Dinar Recaps,

XRP NEWS: SEC COULD DELAY ITS ANNOUNCEMENT UNTIL AUGUST 7? HINT XRP MEMBER!

▪️Ripple vs. SEC lawsuit nears conclusion, but delays raise uncertainty for XRP.

▪️XRP supporter claims SEC will stay silent on the case until August 7.

▪️Ripple’s legal chief suggests settlement paperwork is done, awaiting SEC’s final decision.

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STABLECOIN LEGISLATION SHOULDN’T FORCE ISSUERS TO COMPLY WITH BANK SECRECY ACT: REP. TOM EMMER

House Majority Whip Tom Emmer thinks stablecoin bills under discussion on Capitol Hill should remove language forcing issuers to comply with stringent anti-money laundering laws.

In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act.

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BRICS GOLD BET PAYING OFF AS TRUMP TARIFFS DRIVE VALUE SKY-HIGH

For much of 2024, the BRICS alliance saw its various central banks embracing gold and investing heavily in the asset. Now, that appears to be paying off in a big way as the slew of US President Trump’s tariffs are driving the haven asset’s value to heights it had never seen.

The metal has long been viewed as a priority investment in times of economic uncertainty and geopolitical conflict. With the United States seeking to balance trade, it has adopted an increasingly aggressive economic policy. Indeed, it has seen the beginnings of a trade war begin as gold is reaching record values this year.

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XRP NEWS: CAN RIPPLE SELL TO INSTITUTIONAL INVESTORS AS SEC DROPS CASE? LEGAL ISSUES EXPLAINED

The U.S. SEC has officially dropped its appeal in the ongoing legal case with Ripple, bringing an end to a four-year legal battle. However, the SEC has yet to confirm the latest developments. There’s been a lot of talk about what will happen to XRP once the SEC clears the legal issues. Some experts think that when the SEC removes the injunction, Ripple will be able to sell XRP to institutional investors without any problems. However, Marc Fagel, a former SEC lawyer, explained why that’s not exactly true.

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SENATE BANKING COMMITTEE DELAYS VOTE ON SEC CHAIR NOMINEE

The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission

Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via X. The former FOX Business reporter cited a Senate aide as the source of the news.  According to the aide, the committee will “not vote today on Atkins or the other nominees, as is typical practice.”

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U.S. CONGRESS ADVANCES STABLECOIN REGULATION WITH THE INTRODUCTION OF THE STABLE ACT

Lawmakers introduce a new framework that redefines stablecoin oversight by blending traditional financial controls with digital asset practices for clearer, accountable operations in a fast-evolving market.

▪️Establishes structured guidelines for digital token issuers that stress transparency and regular record-keeping.

▪️Emphasizes clear operational rules to promote accountability without stifling innovation.

▪️Paves the way for coordinated oversight, integrating crypto with conventional finance.

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PAUL ATKINS SEC CONFIRMATION HEARING BEGINS: IS THIS GOOD NEWS FOR CRYPTO?

▪️Former SEC Commissioner Paul Atkins, a Trump nominee, is expected to bring a more crypto-friendly regulatory approach.

▪️Atkins' confirmation faces scrutiny due to his past advisory roles, financial ties to crypto, and potential conflicts of interest.

▪️The crypto industry anticipates Atkins' potential leadership as a shift towards clearer regulations.

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RIPPLE-SEC LAWSUIT UPDATE: XRP SALES BAN MAY BE LIFTED SOON!

▪️Ripple withdrew its cross-appeal against the SEC, signaling the nearing end of their legal battle.

▪️The SEC may seek to lift the injunction that restricts Ripple's direct XRP sales to institutions.

▪️If the injunction is lifted, Ripple could resume institutional XRP sales, but must adhere to securities laws

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BLACKROCK AND FIDELITY POISED TO ENTER XRP ETF RACE AFTER RIPPLE’S LEGAL WIN

Nate Geraci, a leading ETF analyst, forecasts that BlackRock and Fidelity will soon join the XRP ETF race, with approval expected to happen soon. His optimism stems from the resolution of Ripple’s legal battle with the U.S. SEC.

Ripple’s Win Clears Path for XRP ETF