Senator Lummis urges halt to Silk Road Bitcoin sale, demands FDIC accountability on crypto records

Senator Cynthia Lummis sent letters to US authorities expressing her concerns over the plans to liquidate the 69,370 Bitcoins (BTC) tied to the Silk Road and the alleged destruction of material regarding the Federal Deposit Insurance Corporation (FDIC) activities on digital assets.

Read more

Binance’s Head of VIP Expects Institutional Involvement in Crypto to Rise in 2025

Institutional involvement in the crypto market is rising as more people worldwide adopt digital assets as a financial instrument. Last year, this growth was represented by the United States’ approval of two crypto exchange-traded funds (ETFs) and Europe’s adoption of the MiCA framework.

Read more

Analysts believe spot Litecoin ETF likely to be the first altcoin approval as Nasdaq files listing application

Nasdaq filed a 19b-4 Form on Jan.16 to list and trade the spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. Bloomberg senior ETF analyst Eric Balchunas sees this as the first altcoin-related ETF approval in 2025.

Read more

Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC

Key Takeaways

Donald Trump is “receptive” to establishing a strategic reserve using US-based digital assets like Solana, USD Coin, and Ripple.
The proposed policy shift may include appointing crypto-friendly officials and ending debanking practices affecting cryptocurrency startups.

Read more

Ripple CEO calls SEC’s appeal ‘insanity’ as legal fight intensifies

The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple.
In its Jan. 15 filing, the SEC claims that Ripple’s XRP sales to retail buyers should be classified as unregistered securities transactions.

Read more