Ripple also known as XRP has finally reached a settlement with the SEC and has agreed to pay $50 million fine and dropping its cross-appeal, potentially ending the long-standing XRP lawsuit pending SEC approval. Moreover, Congress is moving to overturn the IRS broker rule targeting DeFi platforms, with a final vote scheduled and potential support from President Donald Trump.
In another groundbreaking move, Custodia and Vantage have launched Avit, the first US bank-issued stablecoin on Ethereum, offering fast and transparent settlements within a regulated framework.
XRP is the fourth-largest cryptocurrency by market value, trailing bitcoin, Ethereum and Tether, the market service CoinMarketCap said .