SEC Drops Ripple Lawsuit in Landmark Win for Crypto Industry

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📈 Preview On Today’s News:

1. - SEC Drops Ripple Lawsuit in Landmark Win for Crypto Industry

2. - David Sacks Defends $200M Crypto Divestment Amid Conflict of Interest Concerns

3. - Czech Central Bank Divided Over Bitcoin Reserve Proposal

Keep reading below for more!

Have you heard of The Letter of Intent?

Today’s News:

1)

SEC Drops Ripple Lawsuit in Landmark Win for Crypto Industry

The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit and appeal against Ripple (XRP), marking a major victory for the company and the broader cryptocurrency sector. Ripple CEO Brad Garlinghouse announced the news on X, calling it “a resounding victory for Ripple, for crypto, every way you look at it.” The lawsuit, originally filed four years ago under former SEC Chair Gary Gensler, was seen as a key moment in the government’s crackdown on digital assets. The decision follows a significant policy shift under the returning Trump administration, which has already ended several other high-profile crypto lawsuits. Following the announcement, XRP surged more than 12% in 24 hours.

• The SEC officially ended its lawsuit and appeal against Ripple (XRP), with CEO Brad Garlinghouse calling it a major win for Ripple and the crypto industry.

• XRP’s price jumped over 12% following the announcement, amid broader regulatory shifts under the Trump administration favoring the digital asset sector.

2)

David Sacks Defends $200M Crypto Divestment Amid Conflict of Interest Concerns

David Sacks, recently appointed as the White House AI and Crypto Czar, has defended his decision to divest over $200 million in digital assets following media criticism. Sacks clarified that the move, including the sale of at least $85 million of his personal holdings, was made to comply with U.S. government ethics rules requiring officials to avoid conflicts of interest when influencing crypto policy. Despite public scrutiny and accusations of profiting from his role, Sacks emphasized he no longer has direct exposure to digital assets, with remaining indirect interests representing a small portion of his portfolio. His actions have been publicly supported by crypto industry leaders as a necessary step to ensure transparency and integrity in his new position.

• David Sacks divested over $200 million in digital assets, including $85 million of personal holdings, to comply with government ethics rules and avoid conflicts of interest in his role as White House AI and Crypto Czar.

• Despite public criticism, Sacks emphasized his commitment to transparency, with industry leaders supporting his decision as an example of ethical leadership in the evolving crypto policy landscape.

3)

Czech Central Bank Divided Over Bitcoin Reserve Proposal

The Czech National Bank (CNB) is reviewing a proposal to include Bitcoin in its reserve assets, sparking internal debate. While CNB Governor Aleš Michl supports exploring Bitcoin for diversification and potential returns, board member Jan Kubicek remains skeptical, citing concerns over Bitcoin’s legal status, volatility, and the complexities it would add to accounting and auditing. Kubicek prefers focusing on international corporate bonds and targeted equity indices instead. Despite skepticism, the CNB has approved an evaluation process, with no decisions expected until the analysis is complete. If adopted, the Czech Republic would become the first known central bank to hold Bitcoin in its reserves, marking a significant step in institutional crypto adoption.

• Czech National Bank is evaluating Bitcoin for its reserves, but board member Jan Kubicek warns of legal and volatility concerns, favoring traditional asset classes.

• If approved, the Czech Republic could become the first central bank to add Bitcoin to its reserves, representing a major milestone for institutional crypto adoption.

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