EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More —
David Sencil
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The Weekly
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
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EU might make Bitcoin illegal, XRP and RLUSD aim to replace SWIFT, Elon Musk backs Coinbase warning: Bitcoin could replace Dollar, and more in this Week in Review.
Week in Review
Europe’s privacy regulators are weighing guidelines that could effectively criminalize Bitcoin transactions. Ripple is pitching XRP and its planned RLUSD stablecoin as a lightning-fast, low-cost successor to the aging SWIFT network. Coinbase CEO Brian Armstrong—joined by Elon Musk—warns that runaway U.S. debt could make Bitcoin an attractive dollar alternative. Rex Shares’ filing for Ethereum- and Solana-staking ETFs suggests the SEC may soon green-light yield-bearing crypto funds, even if via an unconventional vehicle. Circle’s spectacular 150 % surge on its NYSE debut signals investor hunger for stablecoins.
Warning: Europe Might Irrevocably Make Bitcoin Illegal
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
Paymium’s Alexandre Stachtchenko explained that if the current version of the EDPB’s guidelines on… read more.
Editor’s comment: Sometimes it feels like the EU is hellbent on making sure it won’t be a leader in crypto, just like it wasn’t for the internet, and how it probably won’t be a leader in A.I. RIP EU.
Ripple Presents XRP, RLUSD to Replace SWIFT’s Outdated Payment System
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
XRP is powering Ripple’s bold challenge to SWIFT’s outdated payment system, delivering blazing-fast, low-cost… read more.
Editor’s comment: Ripple’s strategy in the stablecoin race is positioning its blockchain-based payment solution, powered by XRP and the stablecoin RLUSD as a replacement for the outdated SWIFT system.
Elon Musk Backs Coinbase Warning: Bitcoin Could Replace Dollar Amid US Fiscal Crisis
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound alarms on U.S. debt, signaling the… read more.
Editor’s comment: Elon’s exasperation this week with the profligate U.S. government is making many Bitcoiners happy.
Ethereum and Solana Staking ETFs Move Closer to US Listing
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
Rex Shares has filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC) for its… read more.
Editor’s comment: Bloomberg ETF analyst James Seyffart is confident that normal ETFs featuring staking are on the way, but this abnormal vehicle might launch first despite SEC’s misgivings.
Circle’s NYSE Breakout Turns Heads—and Heats up Crypto Finance
EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review
Stablecoin issuer Circle Internet Financial saw its stock take off on its first day of trading, leaping from an initial price… read more.
Editor’s comment: Circle’s explosive NYSE debut—surging over 150% on day one—signals massive investor enthusiasm for stablecoins, but I”m not sanguine that Circle will be able to fend off all the upstart stablecoins vying to take some of its market share.
Image Credits: Shutterstock, Pixabay, Wiki Common
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