The major highlight of the week was the final ruling in the Ripple vs. SEC lawsuit, with the judge determining that sales of XRP to institutions by Ripple qualified as unregistered securities but sales to the public did not meet the same criteria. This ruling sparked a surge in the price of XRP and led to various exchanges relisting or expressing intentions to support it. In other news, the SEC accepted applications for spot bitcoin ETFs from several firms, although approval is not guaranteed. The highly anticipated launch of a bitcoin ETF on Euronext Amsterdam was rescheduled due to market concerns but is now back on track. Binance’s legal team underwent modifications amidst ongoing legal disputes with U.S. regulators, and there were reports of layoffs at the company.
AI Sentiment: Positive
