Blockchain payments company Ripple made a bid of $4 billion to $5 billion to acquire stablecoin issuer Circle, which was turned down. Ripple has not decided whether to make another offer. This bid came shortly after Circle applied for an IPO in the US. Ripple, with an estimated valuation of $11 billion in 2024, recently acquired Hidden Road for $1.2 billion to enhance XRP and XRP Ledger operations. Ripple's legal issues with US regulators, including a $125 million liability to the SEC, seem to be resolving. The SEC is dropping its appeal, and Ripple will pay $50 million. Ripple executives met with former President Trump, and the company contributed $5 million to his inauguration fund. This situation has left the crypto industry without a legal precedent. Stay tuned for updates on this evolving story
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