Weekly Briefing: Ripple wins court fight as Judge rejects SEC appeal
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Here’s a recap of the major stories you need to know about.
The SEC lost again after a US judge sided with Ripple Labs and denied the SEC’s request for an early appeal before trial.
Coinbase obtained a crypto payments license from the Central Bank of Singapore to expand its services to institutions and retail investors.
Leaders of asset managers VanEck and Bitwise believe that the SEC is changing its tune towards a spot Bitcoin ETF and predict that approval is around the corner.
Let’s dig in.
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Today’s Newsletter
- Ripple wins court fight as judge rejects SEC appeal.
- Coinbase gets approval to offer crypto payments services in Singapore.
- Bitcoin spot ETF approval on the horizon, say VanEck & Bitwise leaders.a
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Top Stories
REGULATION
Ripple wins court fight as judge rejects SEC appeal
A US court rejected the SEC’s motion to appeal ruling that some XRP distributions did not qualify as securities.
This is a significant win for Ripple in its long-running legal battle with the SEC over unregistered XRP sales. The case will now proceed to trial in April 2023. [link]
REGULATION
Coinbase gets approval to offer crypto payments services in Singapore
Coinbase secured a Major Payment Institution license from the Monetary Authority of Singapore.
This allows Coinbase to offer digital payment token services to retail and institutional investors without limits on transaction size. [link]
BITCOIN
Bitcoin spot ETF approval on the horizon, say VanEck & Bitwise leaders
VanEck and Bitwise top executives predict the SEC will approve a spot Bitcoin ETF in the following months.
According to VanEck and Bitwise, the SEC is starting to soften its stance on crypto ETFs. Approval of a spot bitcoin ETF would allow financial advisors, IRAs, and retail investors a seamlessly add bitcoin to their brokerage accounts. [link]
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