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Global Bitcoin Reserves Gain Momentum
Ripple Stablecoin Targets Major Exchanges and SEC Sues Musk Over Disclosure

CRYPTO
Global Bitcoin Reserves Gain Momentum
Interest in Bitcoin as a reserve asset is surging globally, with politicians across five continents exploring its potential benefits. Bitcoin’s appeal as a decentralized, transferable store of value is prompting nations to consider its adoption. Czechia recently joined the conversation, with its central bank weighing Bitcoin for foreign exchange reserve diversification.
In the U.S., Senator Cynthia Lummis’ proposed BITCOIN Act seeks to establish a national Bitcoin reserve by acquiring 1 million BTC over five years. Similarly, Brazil is debating a Sovereign Strategic Bitcoin Reserve to stabilize its currency. Other nations like Switzerland, Poland, and South Africa are also exploring Bitcoin reserves to address geopolitical and economic risks. El Salvador remains the only country with an established reserve, but momentum is building. Proponents argue Bitcoin offers stability, inflation protection, and reduced reliance on traditional currencies. While challenges remain, Bitcoin’s growing role in global finance cannot be ignored.
CRYPTO
Ripple Stablecoin Targets Major Exchanges
Ripple's stablecoin, RLUSD, is poised for broader adoption as it prepares for debut on major exchanges like Coinbase or Binance, according to Ripple executives. Initially launched on smaller platforms such as Uphold and Bitso in December 2024, RLUSD quickly gained momentum following regulatory approval from the New York Department of Financial Services. Ripple president Monica Long expressed confidence in RLUSD’s growth, stating that more partnerships and integrations are underway. Bitstamp, the oldest crypto exchange, recently listed RLUSD, reporting significant trading volume within 24 hours. CEO Bobby Zagotta praised RLUSD’s utility for seamless, cost-effective value transfer.
Stablecoins, seen as essential in the crypto economy, are commonly used for cross-border payments and inflation protection in unstable economies. Despite competition from giants like Tether and Circle, Ripple believes RLUSD will carve a niche. Ripple’s focus on global expansion aims to establish RLUSD as a key player in the stablecoin market.
TECH
SEC Sues Musk Over Disclosure
The SEC has sued Elon Musk, alleging he delayed disclosing his Twitter stock purchases, saving himself $150 million and harming investors. Musk’s lawyer dismissed the lawsuit as trivial, calling it a "single-count ticky-tack complaint." The SEC claims Musk's failure to file a 13D beneficial ownership report allowed him to buy additional shares at artificially low prices during an 11-day period, causing substantial harm to investors.
Musk’s actions have reignited tensions with the SEC, which accused him of manipulating the market for personal gain. Musk maintains his innocence, asserting that the allegations are part of a broader harassment campaign. The case underscores the regulatory importance of timely disclosures in maintaining market transparency and fairness. Meanwhile, the billionaire has publicly criticized the SEC’s approach, fueling debates over the balance between regulatory oversight and corporate freedom. As the legal battle unfolds, the implications could impact future rules on stock ownership disclosures.
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