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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
CRYPTO NEWS: ACTING CHAIR STANDS ALONE, VOTES AGAINST SUING MUSK FOR STOCK DISCLOSURE DELAY
▪️ SEC lawsuit against Elon Musk faces internal divisions, with acting chair Mark Uyeda opposing legal action over Musk’s Twitter stock purchase.
▪️ Musk’s SEC lawsuit sparks debate on securities laws for tech executives amid shifting crypto enforcement and regulatory priorities.
The U.S. Securities and Exchange Commission (SEC) has faced internal divisions regarding its decision to pursue legal action against Elon Musk. Mark Uyeda, the acting SEC chair, was reportedly the only commissioner who opposed suing Musk over his delayed disclosure of his stock purchase in Twitter, now rebranded as X.
According to a report by Reuters, this decision comes at a time when the SEC is dealing with shifting priorities and challenges within the agency. The vote to determine whether Musk should face a lawsuit took place behind closed doors, with Uyeda breaking from the other commissioners who favored legal action.
The SEC had formally filed a lawsuit against Musk in January 2025, alleging that he violated federal securities laws by failing to disclose his acquisition of more than 5% of Twitter’s stock in 2022. This failure to file the necessary report allowed Musk to purchase additional shares at artificially low prices, potentially saving him millions of dollars.
SEC’s Changing Stance
The SEC has been adjusting its approach to regulating cryptocurrency, easing enforcement actions against companies such as Ripple, OpenSea, and Coinbase. This more lenient stance has sparked discussions about the agency’s evolving priorities.
Musk’s involvement in the T******************n has also generated attention. He was appointed by former President Donald Trump to lead the newly established Department of Government Efficiency, a role designed to streamline regulatory practices. Musk’s relationship with Trump continues to raise speculation about potential influence on regulatory decisions.
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The SEC’s case against Musk brings to attention the ongoing debate about how securities laws apply to tech executives, particularly in the changing digital asset space. The outcome of this lawsuit could have significant implications for future regulatory actions in the U.S.
@ Newshounds News™
Source: Coinpedia
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RIPPLE CEO BRAD GARLINGHOUSE PREDICTS ‘TRUMP EFFECT’ WILL SPARK CRYPTO ADOPTION WAVE IN 2025
Ripple CEO Brad Garlinghouse is predicting crypto adoption will soar this year as US President Donald Trump embraces the industry.
In a new interview with Fox Business, Garlinghouse says that since the United States is no longer stifling the crypto industry with unnecessary lawsuits and regulation by enforcement, the growth of the digital assets sector is poised to skyrocket.
“Once the United States government filed suit, we really were kind of frozen in the US market, and so about 95% of our customers today, Ripple’s customers, are non-US financial institutions, and those are some of the largest financial institutions, ranging from HSBC and BBVA to payment providers you wouldn’t necessarily have heard of. Markets like Japan, I think are still unlocking.
The market opportunity here is massive. You have trillions of dollars flowing cross-border globally. It’s still largely dominated by the Swift network, if you will. That’s a technology architecture that was developed 50 years ago. There’s an opportunity to modernize.
That takes time, particularly when you have a government in the US kind of combating that innovation. But that’s changing now. The Trump effect, if you will, is profound. You’re seeing that in asset prices, but you’re also going to see that in the adoption of these technologies.”
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The Ripple CEO also says that blockchain technology may be adopted for a number of uses, including the trading of stocks and the selling and buying of real estate.
“We’re definitely already seeing a change in the domestic interest. These six weeks after President Trump was elected, we signed more deals in the United States than we had in the previous six months. So these are very innovative technologies.
I think they’re going to play out over 10, even 20 years, in terms of how they integrate and rewire the financial infrastructure of the United States. That’s across payments, that’s across even the settlement of maybe real estate transactions, securities transactions.
So I think we’re going to see this play out over a long arc, but the United States is finally unlocked, and I think people are underestimating how big that change is, and you’ll see that continue to play out this year.”
@ Newshounds News™
Source: DailyHodl
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Source: Dinar Recaps
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RIPPLE LAWSUIT NEWS: XRP COMMUNITY SEEKS MASSIVE $500 BILLION RESTITUTION AFTER SEC FALLOUT
▪️ Jimmy Vallee seeks $500B restitution for XRP holders, arguing SEC’s lawsuit caused massive losses and stunted XRP’s price potential.
▪️ Vallee’s Crypto Justice Coalition pushes for XRP investor compensation, bypassing courts to negotiate alternative legal solutions
Jimmy Vallee, founder of Valhil Capital, is pushing for a massive $500 billion restitution for XRP holders. This push comes in response to the U.S. Securities and Exchange Commission’s (SEC) 2020 lawsuit against Ripple, which alleged that XRP sales were unregistered securities offerings.
The lawsuit triggered a major selloff, causing XRP’s price to drop by nearly 75%, and many exchanges removed the token from their platforms, further damaging its market position. Vallee, along with his firm, believes that without the SEC’s interference, XRP could have followed a price path similar to that of Bitcoin or Ethereum. He argues that XRP’s price could have easily exceeded its previous all-time high of $3.84, potentially reaching $10 today.
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Jimmy Vallee’s $500 Billion Restitution Push
To help address these alleged injustices, Vallee has launched the Crypto Justice Coalition, which aims to secure financial compensation for affected XRP holders. Vallee claims that over 76,000 XRP holders, represented by attorney John Deaton during the Ripple case, should be eligible for a portion of the proposed $500 billion restitution.
Following the SEC’s decision to drop its lawsuit against Ripple, the call for compensation has gained fresh momentum. Vallee has stated that he does not intend to pursue compensation through the federal court system, citing concerns about the potential bias within the courts. Instead, he is looking into alternative legal routes and possible negotiations with regulators to resolve the issue.
The Future of XRP and Market Recovery Prospects
Vallee’s proposal for a $500 billion restitution stems from the significant market opportunities lost due to the SEC’s actions. Currently, XRP’s market cap is around $140 billion, but if its price had followed Vallee’s projection of $8 to $10 per token, the market cap would have surpassed $500 billion.
@ Newshounds News™
Source: Coinpedia
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BRICS NATION STRIKES MAJOR DEAL WITH THE US: WHAT TO KNOW
Although both sides have had a contentious first three months of the year, one BRICS nation has made a major deal with the US. Indeed, the United Arab Emirates (UAE) made headlines last week when it announced a $1.4 trillion investment framework in the United States. Now, the geopolitical landscape is asking just what it means for both sides.
The economic alliance has been on the receiving end of the ire of US President Trump since his e******n win in November of last year. He has maintained his focus on ensuring the status of the US dollar as a global reserve asset does not change. In doing that, he has targeted the BRICS bloc. Specifically, he has answered their de-dollarization efforts with aggressive economic policy.
UAE & US Make Major Deal: So What Does That Mean for BRICS?
The last three months have seen increased geopolitical tensions between the West and the Global South. For the last two years, the latter has sought to promote the use of local currencies in its trade dealings. That has been a focal point for the alliance as it pursued ways to level the playing field of global economies.
However, the tensions between the BRICS and the US took an interesting turn last week when the UAE struck a deal with the T******************n. Moreover, they agreed to a 10-year agreement that will see them inject the Western power with an influence of capital. The deal came together quickly, with the agreement coming just days after the US president and UAE officials met.
So, what exactly does this mean for the economic alliance? The UAE is very much engaged in the bloc’s continued development. In fact, Monday saw Russia and the country meet to discuss the strengthening of their cooperation. That would lead some to believe that the alliance has come to an end in the traditional sense.
Yet that has been rejected by India in a recent statement. Indeed, the nation’s External Affairs Minister, Dr. S. Jaishankar, discussed the belief that the bloc is “disintegrating” under the weight of US tariff threats. He clearly spoke out against such accusations, claiming that the bloc was continuing its growth efforts as a collective.
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The reality is that this may be the bloc evolving past its de-dollarization efforts. Many of the participating countries have sought to challenge the belief that they want to end the greenback. Therefore, it looks as though that has become their primary function.
Specifically, the BRICS bloc is set to embrace trade and economic access for developing nations. In the meantime, they will seek to challenge the unbalanced global hierarchy that sees the United States as the dominant force. As long as they don’t target the US dollar directly, President Trump may just be able to live with that.
@ Newshounds News™
Source: Watcher Guru
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Source: Dinar Recaps
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