IMF Asks El Salvador to Purchase No More Bitcoin In Return for Upto $3.5B EFF
IMF conditions $1.4B loan to El Salvador on halting Bitcoin purchases and discontinuing Chivo wallet by July 2025, despite the country’s continued BTC accumulation and unrealized gains.
Ripple News: Spot XRP ETFs Move Closer to Reality
The SEC is reviewing the WisdomTree XRP Trust, a proposed spot XRP ETF. Approval could mark the first U.S. spot XRP ETF, offering traditional investors exposure to XRP without self-custody.
Blockchain Global Director Charged by ASIC Over Duty Breaches
ASIC charges Blockchain Global’s former director Liang Allan Guo with breaching directors’ duties related to ACX Exchange’s collapse, leaving $12.8M in unsecured customer claims.
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
White House crypto czar David Sacks suggests the US could buy more Bitcoin if funded budget-neutrally, without new taxes or debt. Current holdings exceed 198,000 BTC, valued at $21 billion.
ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims – Decrypt
ASIC sues former Blockchain Global director Liang Guo for allegedly misusing $20M in ACX customer funds. The case follows a lengthy investigation into the collapsed crypto exchange, with co-director Sam Lee facing separate Ponzi scheme charges in the U.S.
Australian regulator takes former Blockchain Global director to court
ASIC takes former Blockchain Global director Liang Guo to court for alleged breaches of directors’ duties involving ACX Exchange customer funds and false statements.
El Salvador to Hold Off Bitcoin Buys Under Loan Pact
El Salvador has agreed with the IMF to halt Bitcoin purchases under a $1.4b loan program, while maintaining existing holdings and withdrawing public sector involvement in the Chivo wallet by July.
Thailand Signals Openness to Controlled Crypto Conversion – Bitcoin News
Thailand considers regulated crypto services and blockchain bond tokens, showing openness to digital finance with strict oversight, as stated by Finance Minister Pichai Chunhavajira.
El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review – Decrypt
El Salvador purchased eight more Bitcoin despite IMF warnings, continuing its crypto reserve expansion while navigating loan agreement terms and maintaining macroeconomic reforms.
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
CFTC Commissioner Christy Goldsmith Romero warns that the departure of four commissioners could hinder crypto regulation, leaving a lack of diverse opinions and making rule-making more difficult.
