Coin circle news focus:

  • Ripple, the publisher of XRP, cheers! U.S. regulatory SEC drops charges

  • Cryptocurrency is in danger? U.S. Treasury Department plans to define coin mixers as money laundering centers

  • Circle new service! Developer Gas Station and smart contract platform will be launched

The currency circle boss said this:

  • Adam Cochran: "The real reason the SEC dropped the lawsuit!"

Critical hit chance this week:

  • 🚀《Investing in Blockchain from Scratch》|〈Binance〉x〈Chain Apprentice〉Collaboration Lecture

Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.10.19 AM 08:00 ~ 2023.10.20 AM 08:00

Coin News Focus

Ripple, the publisher of XRP, cheers! U.S. regulatory SEC drops charges

Stuart Alderoty, chief legal officer of Ripple Labs, the issuer of XRP, said on Twitter that the U.S. Securities and Exchange Commission (SEC) has now dropped all charges against Ripple executives and believes that this is not a settlement, but a capitulation by the SEC.

Currently, the SEC says it will withdraw its charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen for their involvement in illegal securities sales. XRP was trading at $0.519 at press time, up 6.3% in the past 24 hours and 7.2% in the past seven days.

Since 2020, the SEC and Ripple have been locked in litigation over allegations that Ripple illegally raised $1.3 billion through XRP sales. New York District Court Judge Analisa Torres ruled in July that Ripple's public sales to retail investors did not violate securities laws. But she also ruled that direct sales of tokens to institutional investors are securities, so the SEC is currently in a partially successful state, and the charges dropped this time only cover the scope of the case.

 

Cryptocurrency is in danger? U.S. Treasury Department plans to define coin mixers as money laundering centers

According to a report in the Wall Street Journal, the U.S. Treasury Department is planning to define "mixers", a blockchain protocol that maintains the privacy of cryptocurrency users, as money laundering centers, citing cases of their use by Hamas and other terrorist organizations, and A series of sanctions may be imposed. Treasury Undersecretary Wally Adeyemo said the Treasury Department is committed to combating illegal actors, including state-affiliated cyber attackers, cybercriminals and terrorist groups.

However, Chainalysis, an on-chain data agency, has previously stated that recent reports on the alleged use of cryptocurrencies by terrorist organizations may have over-exaggerated the data and used "flawed analysis." The agency believes that terrorist organizations have historically more often used traditional financial institutions and shell companies as their main financing tools.

 

Circle new service! Developer Gas Station and smart contract platform will be launched

Circle, the issuer of USDC, the second largest stablecoin by market value, announced that they will launch two Web3 products, namely Gas Station and smart contract platform, aiming to provide solutions for developers and enterprises to simplify the interaction needs of blockchain development.

Circle said that Gas Station can integrate Circle's programmable wallet into developers' applications, allowing it to pay Gas Fees for users; the smart contract platform will allow developers and institutions to more easily deploy smart contracts, such as integrating NFT, Embed DeFi in the application or allow Web3 payments using stablecoins such as USDC.

 

Other currency news

  • Less than a month after ending its partnership with former euro transfer provider Paysafe, Binance announced that it is now opening deposits and withdrawals with a new euro partner.

Full version of Lian Xi’s birthday report

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