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"TRON in Trouble? TRX Hovers Near $0.26 as Bears Take Control!"
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#Cardano Founder Delighted as Trump’s Aide Confirms Holding $ADA. Charles Hoskinson, co-founder of Cardano, recently responded to a significant disclosure involving Thomas Thorgersen, Special Assistant to President Donald Trump. As part of his financial disclosure, Thorgersen revealed that he holds cryptocurrencies, including XRP and Cardano. The revelation, made public via a filing on the official White House website, attracted the crypto community’s attention. Hoskinson shared an admiring remark via a playful GIF on X as Thorgersen disclosed holding ADA tokens. This disclosure adds a new layer to the ongoing relationship between the crypto industry and U.S. political figures. In his financial disclosure, Thorgersen indicated that he holds XRP, valued between $1,001 and $15,000. His XRP holdings have also generated income, ranging from $2,501 to $5,000. Notably, his ADA holdings fall within the same financial range—between $1,001 and $15,000. However, there has been no significant income generated from his ADA assets, with income reported as “None” or less than $201. These figures suggest that while Thorgersen holds ADA, it has not yet yielded a major return. #CryptoNews🚀🔥V
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US Senate Passes GENIUS Stablecoin Bill in Landmark Move for Crypto Regulation. The US Senate has passed the GENIUS Stablecoin Bill, its first crypto regulatory framework bill, marking a landmark victory for the digital asset sector. The much-discussed stablecoin bill gained bipartisan support on Tuesday, June 17, moving it one step closer to becoming law in the United States. About 68 senators supported the bill, representing a significant majority compared to the 30 who voted against it. Following the passage of the amended version of the GENIUS Stablecoin Bill, it will now move to the House for deliberation. #CryptoNewsCommunity
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#Ripple Labs has submitted a supplemental letter in support of the motion for an indicative ruling in the SEC lawsuit. In a letter addressed to U.S. District Judge Analisa Torres, Ripple further explained why she should grant the parties’ request for an indicative ruling. The recent filing comes less than a week after the SEC and Ripple refiled the motion to obtain an indicative ruling from Judge Torres. For context, the parties request an indicative ruling from the judge to modify her final judgment by dismissing the permanent injunction imposed on Ripple’s future XRP sales and reducing the penalty to $50 million. While the judge initially denied the request, the SEC and Ripple jointly refiled the indicative ruling motion to satisfy the ‘exceptional circumstances’ criteria. Ripple has now filed a supplemental letter supporting the recently filed motion. Ripple’s Supplemental Letter In the supplemental letter, Ripple clarified the scope of the requested relief. The filing stressed that the parties are not asking Judge Torres to revise her summary judgment order. Ripple acknowledged that the order remains binding on the company and serves as a guide to other courts. Additionally, the motion contended that the potential dismissal of the permanent injunction does not absolve Ripple from complying with federal securities laws. “[…] Like every other market participant, [Ripple] is obligated to follow the law, regardless of whether an injunction is imposed or not,” the motion read. Meanwhile, according to the motion, granting the indicative ruling based on the settlement agreement would help end the multi-year legal dispute, potentially saving costs for the parties and the appellate court. Furthermore, Ripple highlighted the SEC’s evolving crypto policy. It emphasized that the regulator has dismissed multiple crypto enforcement actions, established a Crypto Task Force unit, and signaled intentions to create regulatory standards for the industry. Based on the SEC’s pro-crypto initiative, #CryptoNewss
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SEC Delays Decision on Franklin Templeton’s Spot XRP ETF, Requests Public Comments, and Sets New Deadline for July 22. #Crypto
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