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Grayscale announced on the 12th through an official statement that it will launch a Ripple (XRP) trust fund to meet investor demand. Sharif Askari, Grayscale’s head of products, announced that the trust fund launched by Grayscale will be sold to individual and institutional investors as a fund directly exposed to the XRP spot price.
2. Goldman Sachs Researcher: “Ripple, the future of the global financial system”
Isabella Rosenberg, a Goldman Sachs researcher, claimed in an interview with Black Swan Capitalist on the 12th that Ripple will reform the global financial system, citing its efficient interbank settlement function. Meanwhile, Rosenberg pointed out that Bitcoin (BTC) could actually be detrimental to the changing global financial system.
3. US House of Representatives proposes SEC-CFTC collaboration on cryptocurrency regulation
U.S. Representative John Rhodes has proposed collaboration between the Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) for the purpose of effective cryptocurrency regulation in the United States. On the 12th, Representative Rhodes introduced the 'Bridge Digital Assets Act' in the House of Representatives. The Bridge Digital Assets Act stipulates that the SEC and CFTC will form a joint advisory committee, and that the committee will be an organization that provides advice on market regulation to the SEC and CFTC.
4. USDC, Arbitrum added to Web 3.0 platform
USDC, the second largest stablecoin by market cap, announced on the 12th through an official statement that it has added Layer 2 network Arbitrum to USDC's Web 3.0 infrastructure platform.
5. Trump: "DeFi protocol launches next Monday"
Former President Trump announced the launch of the DeFi protocol "World Liberty Financial" on the 16th. On the 13th, former President Trump explained through his X account that he would launch the DeFi protocol for the purpose of banking reform. Currently, details about World Liberty Financial have not been disclosed.
6. Majority of U.S. House members point out corruption in SEC chairman recruitment
A number of U.S. House members have come forward to point out SEC Chairman Gary Gensler's hiring irregularities. Representatives Jim Jordan, Patrick McHenry, and James Comer sent an official letter to Chairman Gensler on the 11th, pointing out the circumstances in which he hired people based on political affiliation and demanding a clear explanation.
Reporter Kwon Seung-won ksw@
