______________________________________________________
(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
SEC MOVES TO END RIPPLE CASE AS COMMISSIONER REBELS: $75M RETURNS TO XRP GIANT
The SEC Ripple lawsuit has just reached a pivotal turning point as the Securities and Exchange Commission recently filed a motion seeking court approval for a settlement with Ripple Labs. Under the proposed deal that’s currently being reviewed, Ripple would recover $75 million of the $125 million that was held in escrow, while the SEC would receive the remaining $50 million.
Ripple’s $75M SEC Settlement: What It Means for XRP and Crypto Regulation
The SEC Ripple lawsuit settlement marks what appears to be the potential end to a legal battle that first began back in December 2020. As per the May 8 court filings, both parties have agreed to withdraw their appeals, virtually ending one of the most important and keenly followed cases in crypto regulation news.
Commissioner’s Opposition Reveals SEC Division
Not everyone at the SEC supports the resolution. Commissioner Caroline A. Crenshaw issued a public dissent:
“This settlement is a tremendous disservice to the investing public.”
Crenshaw warned that the SEC Ripple lawsuit settlement could weaken the agency’s enforcement power and negatively impact future XRP price prediction analyses in unexpected ways.
XRP’s Market Struggle During Litigation
The XRP lawsuit impact was immediate and significant when the case began. According to the crypto analyst behind the account All Things XRP:
Advertisement
______________________________________________________
“It didn’t just slow XRP down — it stole years of growth.”
While Bitcoin and Ethereum surged during the 2021–2023 bull market, XRP stagnated between approximately $0.30–$0.50, missing out on substantial gains and altering many XRP price predictions at the time.
Settlement Terms and Future Implications
The SEC Ripple lawsuit resolution preserves Judge Torres’ 2023 ruling that only institutional XRP sales violated securities laws. This legal distinction remains critical for ongoing crypto regulation news and Ripple’s future operations.
If the $125 million penalty clears the court in the next few days:
- $75 million would be returned to Ripple
- $50 million would remain with the SEC
This result may provide badly needed regulatory clarity and underscore the lasting effects of prolonged litigation on XRP price forecasts and broader digital asset regulation.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
US TREASURY SECRETARY BESSENT LAMBASTS SENATE FOR BLOCKING STABLECOIN BILL, CALLS IT ‘MISSED OPPORTUNITY’ FOR AMERICAN LEADERSHIP
▪️ U.S. senators voted Thursday to halt progress on a stablecoin regulation bill amid escalating tensions over President Donald Trump’s crypto involvement.
▪️ Treasury Secretary Scott Bessent said American leadership is needed for stablecoins and other digital assets to thrive globally, lambasting the Senate’s “missed opportunity.”
Advertisement
______________________________________________________
U.S. Treasury Secretary Scott Bessent lambasted the Senate’s decision on Thursday to halt the progress of the GENIUS Act amid rising tensions over President Trump’s increasing crypto involvement and concerns about specific aspects of the proposed stablecoin bill.
“For stablecoins and other digital assets to thrive globally, the world needs American leadership,” Bessent posted on X. “The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act.”
Secretary Bessent described the bill as a “once-in-a-generation opportunity” to expand dollar dominance and boost U.S. influence in financial innovation. He argued that without such legislation, stablecoins will remain governed by a fragmented set of state rules rather than a unified federal approach that better supports growth and global competitiveness.
“The world is watching while American lawmakers twiddle their thumbs,” Bessent said. “Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore.”
A not-so-brilliant delay for the GENIUS Act
The Senate Banking Committee earlier voted to advance the GENIUS Act in March. The bill requires:
- 100% reserve backing with U.S. dollars and similarly liquid assets
- Annual audits
- Prohibits foreign issuance in the country
The Senate voted 49-48 against the bill in its current form on Thursday, with Sens. Josh Hawley (R-Mo.) and Rand Paul (R-Ky.) joining D*******s in opposing the procedural vote.
While the GENIUS Act bill resulted from bipartisan negotiations, D*******s recently raised concerns about unfinished bill text, foreign issuer oversight, and anti-money laundering provisions.
Senator Mark Warner (D-Va.) said he couldn’t support legislation that wasn’t yet finalized. Senate Majority Leader John Thune (R-S.D.), despite also voting no, said he did so to allow the bill to be reconsidered later, criticizing the D*******s amid multiple revised versions:
“I just have to say, frankly, I just don’t get it,” Thune said. “I don’t know what more they want.”
Tensions deepened as Trump’s personal and financial ties to crypto — including memecoin launches, $1.5 million-per-plate crypto fundraisers, and backing DeFi project World Liberty Financial — sparked accusations of conflict of interest ahead of the vote.
Advertisement
______________________________________________________
Some D*******s, including Rep. Maxine Waters (D-Calif.), also boycotted a crypto-focused House hearing this week, citing the president’s direct crypto holdings and influence over agencies. The House Financial Services Committee also recently voted to advance a similar bill, the STABLE Act, with anti-money laundering and reserve requirements.
@ Newshounds News™
Source: The Block
~~~~~~~~~
Source: Dinar Recaps
=======================================
US SENATORS CRITICIZE D*******S FOR ‘PARTISAN POLITICS’ AMID STABLECOINS BILL FAILURE
In a negative development for the U.S. crypto industry, the highly anticipated stablecoins legislation failed to advance in the U.S. Senate after not receiving enough support from Senate D*******s. Several Republican senators have slammed the D*******s for putting “partisan politics above policy.”
D*******s Block Stablecoins Bill
On Thursday, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act failed to pass the cloture vote in the Senate. Only 49 senators voted to advance the bill, falling short of the 60-vote threshold required to end debate.
Notably, two Republican senators also voted against advancing the bill alongside D*******s.
In February, Senator Bill Hagerty introduced the GENIUS Act to create a framework allowing tokens like USDT and USDC to fall under Federal Reserve rules.
The bill, co-sponsored by Senators Tim Scott, Cynthia Lummis, Kirsten Gillibrand, and Angela Alsobrooks, was designed to establish a:
“safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto.”
Advertisement
______________________________________________________
Despite being considered bipartisan, ten Senate D*******s expressed last-minute concerns on May 3, with four former supporters reversing their positions.
Their objections included:
- Missing AML (Anti-Money Laundering) and national security safeguards
- Ambiguous regulations that could expose crypto markets to a***e
Senator Elizabeth Warren took the strongest stance, urging rejection of the GENIUS Act. On May 4, she claimed the Trump family could benefit from World Liberty Financial’s USD1 stablecoin deal with MGX, a UAE-based firm.
This deal involved a $2 billion investment linked to Binance and WLFI’s stablecoin, which Warren said would “enable this type of c********n.”
US Senators Call Out ‘Political Gamesmanship’
Senator Tim Scott, a co-sponsor of the bill and Chairman of the Senate Banking Committee, denounced the opposition on May 8:
“It should have been a historic day for Americans (…) Instead, we witnessed a disappointing display of political gamesmanship that puts partisan politics above policy, and obstruction above innovation.”
Scott insisted the shift wasn’t about the bill’s content, but a political move against President Trump and his legislative goals.
Senator Lummis echoed this on X:
“Make no mistake, digital assets are the future and America must lead the way.”
“It’s important that we continue moving digital asset legislation forward that preserves America’s dollar dominance and makes America the crypto capital of the world.”
Bessent Blasts Missed Opportunity
Treasury Secretary Scott Bessent also weighed in, saying the world needs American leadership for stablecoins and digital assets to thrive.
“Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework.”
“The world is watching while American lawmakers twiddle their thumbs. Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore.”
@ Newshounds News™
Source: Bitcoinist
Advertisement
______________________________________________________
~~~~~~~~~
BLACKROCK, CRYPTO TASK FORCE DISCUSS ETP STAKING, TOKENIZATION
Staking for Ether ETFs has been one of the hot topics in 2025, with Grayscale and Fidelity both filing for rule changes that would allow this staking functionality.
Wall Street giant BlackRock recently met with the SEC’s Crypto Task Force to discuss two key areas:
- Staking within crypto exchange-traded products (ETPs)
- Tokenization of securities
These discussions could significantly advance institutional interest in crypto markets.
ETP Staking and SEC Conversations
According to a May 9 memo published by the task force, BlackRock initiated the meeting to:
“[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.”
BlackRock has emphasized that while Ether ETFs have seen success, they are less effective without staking.
Other ETF issuers echo this sentiment. On Feb. 15, the New York Stock Exchange proposed a rule change to enable staking services for Grayscale’s spot Ether ETFs.
In April, the SEC delayed its decision on this proposal. As it stands, BlackRock and Grayscale remain behind the largest Ether ETFs by market cap, according to Sosovalue.
Proof-of-stake blockchains allow users to lock their tokens to earn yield. If the SEC approves staking for Ether ETFs, this could pave the way for similar requests for altcoins, including Solana ETFs.
Advertisement
______________________________________________________
Tokenization Also in Focus
In addition to staking, BlackRock addressed the tokenization of securities within the federal securities regulatory framework.
Securities include stocks and bonds—assets where investors expect monetary gain. Tokenization offers several benefits:
- Faster settlement times
- Lower costs vs. traditional finance infrastructure
- 24/7 market access
BlackRock already runs a tokenized U.S. federal debt fund called BUIDL, which is currently the largest of its kind, with a $2.9 billion market cap.
Other players include Franklin Templeton, whose BENJI fund also tokenizes securities.
Robinhood Enters the Game
Meanwhile, brokerage firm Robinhood is exploring tokenization as well. It is reportedly working on a blockchain solution to allow European retail investors to trade U.S. securities such as stocks.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
