The U.S. Securities and Exchange Commission (SEC) is preparing to contest Ripple’s recent legal victory, while Binance continues to expand despite its legal battles with the SEC. PayPal has launched its own stablecoin, and there are ongoing regulatory efforts to enhance the security of stablecoins. Bitstamp and Bittrex have made compromises with the SEC, resulting in the temporary suspension of trading certain cryptocurrencies. The SEC is appealing the designation of XRP as a security, and Ripple plans to respond. Senator Lummis criticizes the SEC for exceeding its authority and encroaching on Congress’s legislative prerogatives. France is implementing more rigorous regulations for cryptocurrency service providers. PayPal’s launch of a stablecoin has drawn both praise and concerns from lawmakers. Binance has obtained licenses for Bitcoin and digital asset services from El Salvador. Binance is also seeking AML approval and has submitted its registration application in Taiwan.
AI Sentiment: Positive
