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The stable token may launch on Avalanche or Sui, based on the release of a shortlist of qualified vendors at a public meeting on Feb. 14.
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The US SEC has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.
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The bill proposed that the Wyoming state treasurer may use the general fund, the permanent Wyoming mineral trust fund, and the permanent land fund to invest in Bitcoin; however, it was said that under each fund, no more than 3% could be allocated to Bitcoin.
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Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill for the US government in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to “allow permanent funds to diversify into Bitcoin.”
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On Dec. 27, Montenegrin Justice Minister Bojan Bozovic finally approved Kwon’s extradition to the United States.
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Coffeezilla added that the claims of a $500 million rug pull or Welch profiting $50 million from the token launch were also misinformation and overblown allegations.
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“We have affordability challenges, and I truly believe that Bitcoin could be something that can solve our challenges, both financial and affordability,” Sim said.
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Before the vote, Sim said he filed the motion in response to “challenges in the future” and as a way to secure “the next 100 years for the City of Vancouver.”
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Preview listings of RLUSD have already appeared on major cryptocurrency data providers, including CoinGecko and CoinMarketCap.
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The blockchain firm has cautioned against tokens claiming to be RLUSD or Ripple USD until an official announcement confirms the launch.
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According to Fox Business, Ripple is expected to launch RLUSD on Dec. 4, following approval by the New York Department of Financial Services.
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Ripple is preparing to launch its United States dollar-pegged stablecoin RLUSD. The cryptocurrency community highly anticipates the launch, which is expected on Dec. 4.
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Today in crypto, Ripple is expected to launch its United States dollar-pegged stablecoin Ripple USD (RLUSD) on Dec. 4, Grayscale filed for a spot Solana ETF in the US, and Bitcoin has recovered on South Korean exchanges after a sudden $30,000 drop following President Yoon Suk Yeol’s declaration of martial law, which has since been reversed.
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Additionally, Chaudhary mentioned that India has registered 47 virtual digital asset service providers as reporting entities with the Financial Intelligence Unit under the country’s Anti-Money Laundering laws.
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According to a spokesperson from WazirX, the tax evasion case occurred when the “GST law on cryptocurrencies was not clear in India.”
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“We continue to work closely with regulatory authorities and attend necessary hearings to address any concerns and questions. Binance remains responsive and cooperative and is committed to addressing all necessary tax inquiries,” a spokesperson for Binance told Cointelegraph.
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Binance appears to have not recovered its 722 crore rupees GST tax evasion as its recovery payment is not included in the total recovered amount of 122.3 crore rupees.
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While a majority of the companies on the list have paid the penalties, some of the mentioned firms, including Binance and Hyperux Technologies, have yet to settle with the authorities, according to Chaudhary’s statement.
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“The ETFs allowed new investors to buy Bitcoin for the first time, like those unable to set up a wallet and buy Bitcoin on a cryptocurrency exchange,” said Armour. They “also benefit from cheaper trading, low fees, and best-in-class Bitcoin storage practices.”
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“[T]he growth of spot Bitcoin ETFs stemmed from two main factors: broad Bitcoin adoption and a superior product,” Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph.
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