Brazilian Crypto Industry Takes Action to Avoid Tax Obliteration

Experts are optimistic about the potential approval of XRP ETFs, predicting they could significantly influence the crypto market. This anticipation is generating excitement among investors and analysts alike.

Editor’s Note: The approval of XRP ETFs could mark a pivotal moment for the cryptocurrency market, potentially leading to increased investment and market stability. Understanding these developments is crucial for anyone involved in crypto.

Ripple's CTO, David Schwartz, emphasizes that blockchains can address issues beyond cryptocurrencies, highlighting the company's broader vision since 2004.

Editor’s Note: This perspective is significant as it showcases the potential of blockchain technology to impact various sectors, not just finance. By expanding the narrative around blockchains, it encourages innovation and investment in diverse applications.

The Royal Government of Bhutan has sold over $92 million in Bitcoin due to a market downturn, moving 799.69 BTC into new wallets. This decision reflects the government's response to the current volatility in the cryptocurrency market.

Editor’s Note: This matters because it highlights how even governments are affected by cryptocurrency market fluctuations. Bhutan's significant sale could indicate a broader trend of caution among investors and governments in the face of market instability.

The United States now holds over $24 billion in Bitcoin, making it one of the largest holders globally. Recent developments suggest that the government is unlikely to increase its Bitcoin holdings.

Editor’s Note: This matters because it highlights the US government's significant position in the cryptocurrency market, which could influence future regulations and the overall market dynamics.

US Senator Cynthia Lummis criticized the Federal Reserve's recent crypto decision as "just lip service," arguing it doesn't represent real progress. Meanwhile, SEC Chair Paul Atkins spoke at an agency roundtable, and Circle executive Dante Disparte denied rumors about the company seeking a US federal bank charter. The crypto industry's optimism over softened Fed guidance may be premature, according to Lummis.