Crypto News

The illustrious Independent Community Bankers of America (ICBA), a venerable society representing no less than 5,000 humble community banks scattered across the nation, has produced a formal objection-a document of no small length and considerable moral outrage-to Ripple Labs’ audacious application to be granted the lofty title of Ripple National Trust Bank (RNTB). In a letter most fiery, addressed to the esteemed Office of the Comptroller of the Currency (OCC) on the 4th of August, the ICBA contended that Ripple’s scheme to manage reserves for its RLUSD stablecoin strays perilously far from the original purpose of trust banks and seems to imitate the functions that proper banking institutions have long held sacred.

Yet, amidst this electronic ballet of ambitions, shadows of doubt linger – whispers of capital flight threatening to transform the grand plans into mere fables. China’s delicate dance with stablecoins is like a tightrope walk over the abyss, balancing the desire for international prestige against the stern watchfulness of rigorous controls, all while hiding a hint of skepticism about whether this shiny new thing will gnaw away at their carefully constructed financial fortress. 🧐

The estimable Chair Atkins, and the equally discerning Commissioner Peirce, have both deigned to issue statements – imagine! – on August 5th, 2025, concerning the agency’s revised opinions regarding liquid staking. It appears that letting people stake their digital baubles without immediately classifying it as a nefarious securities offering is now *official policy*. One is almost breathless with anticipation.

On a day that no one should miss, IREN announced it had mined 728 Bitcoin-yes, you heard it right-728!-while MARA sighed in envy with its mere 703 BTC. And how did this tiny titan manage it? With a measly does of 50 exahashes per second (EH/s), compared to MARA’s grand 58.9 EH/s. The secret? Well, apparently, IREN’s equipment was busier than a caffeinated squirrel, running at an average of 45.4 EH/s throughout July. Who knew you could outperform giants with less effort? Amazing! 🐿️⚡

Imagine this: Alderoty, that brave knight of the blockchain realm, sends a formal letter-or perhaps a scroll-ripping apart the draft legislation penned by policymakers who seem to think ‘regulatory certainty’ is a mythical creature like a unicorn sipping from a crypto fountain. His message? The bill’s attempt to split jurisdiction between SEC and CFTC is about as clear as mud on a rainy day.

In what can only be described as a plot twist worthy of a drawing-room drama, the U.S. Securities and Exchange Commission has declared that certain liquid staking activities and their associated tokens are *not* subject to federal securities laws-if they meet a list of criteria longer than my last shopping spree. This guidance, issued by the SEC’s Division of Corporation Finance, is essentially their way of saying, “We’re watching you, but we’re not going to strangle you… yet.” The goal? To separate administrative staking services from investment contracts. How civilized.

This bombshell announcement comes from the SEC’s Division of Corporation Finance-not exactly known for its party vibes-and signals a major shift in how regulators see crypto staking. Think of it as the SEC trading its stern librarian glasses for something slightly more… trendy? 🕶️

As reported by U.Today (yes, that’s a thing), Geraci’s been banging the drum for BlackRock to jump on this bandwagon, but so far, the financial titan’s sitting this dance out. 🕺💤

This isn’t just a “look how shiny our new tech is” stunt; it’s part of the Trump Administration’s *real* attempt to turn work from a circus of red tape into a well-oiled machine. Because what better way to boost efficiency than giving government workers a digital sidekick? 🎩✨

Hold onto your monocles, folks! Peek behind the velvet curtains of the City of London-yes, that fancy place with more history than your grandmother’s quilt. Two sly little firms are sneaking in, throwing curveballs like it’s a cricket match, and rewriting thoughts about how money *moves* – with code, not ink on parchment. Who needs laws when you’ve got blockchain, am I right? 😜