On Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.

Last week various crypto-related legislations were discussed and endorsed in the U.S., including an amendment to the 2024 National Defense Authorization Act which tightens regulation of anonymity-enhancing crypto assets.

Following Ripple’s partial victory against the SEC crypto firms are no longer running scared… so the regulator is now trying to put the willies up any accountancy firm willing to work with the crypto industry.

An updated version of the Responsible Financial Innovation Act, which is supposed to provide a comprehensive regulatory framework for digital assets, was reintroduced by Senators Cynthia Lummis and Kirsten Gillibrand.

The LBRY project for free media on the blockchain has lost its appeal against the U.S. SEC. There were concerns that the court ruling may have set a precedent for larger crypto disputes by the SEC.

A U.S. judge ruled yesterday that Ripple's XRP token is not a security for programmatic sales. Several exchanges are planning to relist XRP on their platforms following the ruling, and many major crypto prices saw a boost.

Binance appears to be facing a management crisis as several executives from the legal and compliance units have resigned amid regulatory investigations.

Some crypto platforms are delisting tokens labelled as securities in the SEC's recent legal action. Three major altcoins, Cardano, Polygon and Solana, are among them.