The SEC’s comment window on Regulation Crypto Assets closed Tuesday, and the companies that spent years fighting the agency showed up to support it. Ripple filed a 20-page letter backing the rule with changes. Chief legal officer Stuart Alderoty says its own XRP litigation cost more than $150 million.
A separate coalition of Chainlink, Cardano, Hedera, Avalanche, Stellar and Aptos asked the SEC to write digital commodity status into the rules.
Scott Melker also covers Solana’s Alpenglow upgrade going live, Fidelity calling preferred stock a Bitcoin demand catalyst, and stablecoin transfers hitting $891 billion.
Timestamps
0:00 Solana’s Alpenglow upgrade goes live
3:47 Ripple backs the SEC rule it spent $150 million fighting
4:58 Six chains ask the SEC to codify digital commodity status
5:23 Why "security" became a word projects were afraid of
6:24 Fidelity calls perpetual preferred stock a Bitcoin demand catalyst
8:48 Stablecoin transfers hit $891 billion on an adjusted basis
10:20 Most of that volume moves when US banks are closed
11:31 Kazakhstan’s financial centre bars Coinbase and five others
13:21 Utah sues a prediction market and its market makers
#Ripple #XRP #SEC #Solana #Stablecoins #Bitcoin #DailyWolf #YahooFinance
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