Ripple News Today: Ripple Faces Crucial Court Countdown as XRP Lawsuit Nears SEC Motion Deadline – Brave New Coin
Ripple Labs faces a critical SEC court deadline on June 16, potentially impacting XRP’s legal status and price. Legal experts suggest a Rule 60 motion could reduce penalties and delay proceedings.
Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute – Decrypt
Ethereum token platform Zora sues Deloitte over trademark infringement, alleging Deloitte’s ‘Zora AI’ platform violates its intellectual property rights and demands damages and domain transfer.
Trump addresses Coinbase summit to discuss crypto plans
President Trump addressed Coinbase’s State of Crypto Summit, discussing crypto policies including stablecoin regulation and market frameworks. He highlighted executive orders and legislative efforts like the GENIUS Act.
Trump says Fed can raise rates if inflation returns, but warns Powell will be “too late for that too”
Trump supports potential Fed rate hikes if inflation rises but criticizes Powell’s slow response. He denies plans to remove Powell despite earlier remarks. The Fed is expected to maintain current rates.
Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention
DeFi Development Corp. withdrew its $1 billion SEC filing after missing a required internal controls report. The funds were intended for Solana token purchases. The company plans to refile after addressing the issue.
Trump at Coinbase Summit: ‘I’m the First Crypto President’ – Crypto News Bitcoin News
President Trump declared himself the ‘first crypto president’ at the Coinbase State of Crypto Summit, pledging federal support for digital assets and U.S. leadership in cryptocurrency.
Solana Whales Stake $220M Despite SEC Fundraising Halt ETHNews
SEC halted DeFi Development’s $1B Solana fundraise due to missing controls report, causing a price drop. Despite this, whales staked $220M in SOL, showing long-term confidence amid regulatory uncertainty.
Meta’s stablecoin plans face scrutiny from US Senators Warren and Blumenthal
US Senators Warren and Blumenthal question Meta’s stablecoin plans, citing privacy risks and financial system threats. They demand details from Zuckerberg on the project’s scope and data handling.
Bitcoin Price Rebounds as Trump Promises More Pro-Crypto Policies
Bitcoin’s price rebounded slightly after Donald Trump promised pro-crypto policies, aiming for US dominance in the market. His administration replaced the SEC Chair and dropped lawsuits against crypto firms.
Key Crypto Bills Move Toward Full Vote in House and Senate – “The Defiant”
The Senate’s GENIUS Act and House’s CLARITY Act, key crypto legislation, advance toward full votes. Both bills have bipartisan support, aiming to regulate stablecoins and digital asset markets.
