View moreIn This Week’s Recap:
- SEC Drops Ripple Case
- US Stablecoin Bill Nears Approval
- Fintechs Eye Bank Charters
- BankSocial Unveils Carbon Card
- Hot Topics
The Big Idea
SEC Drops Ripple Case
XRP surged 10% after Ripple CEO Brad Garlinghouse announced that the SEC would drop its appeal against the company, signaling the end of a long-running legal battle that started in 2020. The SEC had accused Ripple of raising $1.3 billion through unregistered XRP token sales, but in 2023, a judge ruled that while Ripple violated securities laws in institutional sales, its programmatic sales to retail exchanges did not. With the SEC now backing down, Garlinghouse hailed this as a major victory for Ripple and the broader crypto industry, which could also increase the chances of an XRP ETF being approved.
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Adoption News
US Stablecoin Bill Nears Approval
The US government is moving quickly to finalize stablecoin legislation, with bipartisan support for the GENIUS Act, which sets collateralization guidelines and mandates Anti-Money Laundering compliance. As stablecoin adoption grows, this legislation aims to solidify the US dollar’s dominance in the digital economy. With strong bipartisan backing, the bill is expected to reshape financial markets and further strengthen the dollar’s global position in the near future. Stablecoins are quickly becoming a cornerstone of both the crypto market and real-world utility, driving innovation across industries.
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Crypto News
Fintechs Eye Bank Charters
Fintech and crypto companies are seeking bank charters under the Trump administration to lower borrowing costs, gain credibility, and expand business. With regulatory hurdles easing, these firms see charters as a way to access capital, reduce costs, and unlock new market opportunities. The push follows a slow approval process in recent years, but experts expect more firms to pursue these licenses as the new administration fosters a pro-growth environment. While challenges like capital requirements and anti-money laundering compliance remain, companies are cautiously optimistic about the future.
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BankSocial Corner
BankSocial Unveils Carbon Card
Exciting news! BankSocial is now opening signups for its new Carbon Card, a premium crypto-backed card that lets users spend their crypto in real-time while earning rewards. The first edition of the card is launching soon, with more use cases to be added over time. With the Carbon Card, users can off-ramp crypto to USD, make real-time payments using their crypto, and earn cashback in $BSL. Plus, the card comes in a sleek black metal design, adding a touch of luxury to your crypto spending experience.
To sign up for the Carbon Card, you must be logged into the latest version of the BankSocial app, complete KYC verification (if you haven’t already), then open the app and head to the Card section (bottom right corner) to claim your spot in line
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While anyone can access the BankSocial ecosystem, certain features including the exchange require Verifiied®- our simple KYC solution. Login to My.BankSocial.io and start the process now.
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Hot Topics
What’s on everyone’s mind?
Below is a preview of the BankSocial Carbon Card. Looking Sweet!
Xeptagon is integrating the UNDP’s Digital Public Good National Carbon Registry with the Hedera Guardian framework to enhance transparency, data privacy, and efficiency in global carbon markets, while reducing risks like greenwashing and improving project impact tracking.
U.S. listed miners now control over 30% of the network hashrate, a new all time high. This number has been boosted by growing operations in states such as Texas and Kentucky
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All The Love and All The Power!
was originally published in BankSocial News on Medium, where people are continuing the conversation by highlighting and responding to this story.
