Harshini Chakka

1 week ago | thenewscrypto.com | Harshini Chakka

Ripple’s RLUSD is now listed on Bitget, the fourth CEX. RLUSD operates on XRP Ledger and Ethereum, backed 1:1 by USD. Ripple’s stablecoin, RLUSD, has officially launched on Bitget, a leading global cryptocurrency exchange. Trading began on May 29, 2025, at 10:00 UTC. This marks the fourth centralized exchange (CEX) listing for RLUSD this year, underscoring its accelerating adoption across the crypto ecosystem. The Bitget listing places RLUSD in the platform’s Innovation and Web3 Zone.

1 week ago | thenewscrypto.com | Harshini Chakka

Mayor Adams urges the end of New York’s restrictive BitLicense. Crypto firms back the move, citing barriers to innovation. Final repeal lies in the hands of state lawmakers and NYDFS. New York City Mayor Eric Adams, known for his pro-crypto stance, is now targeting one of the most controversial regulations in the digital asset space: the BitLicense. Speaking at a recent crypto industry event, Adams questioned the effectiveness of the BitLicense regime and suggested it might be time to phase it out.

1 week ago | thenewscrypto.com | Harshini Chakka

Big banks are cautiously exploring crypto, avoiding first-mover risks. Custody and stablecoins are top interests, but clarity is needed. Regulatory alignment remains the key to future bank crypto activities. Large American banks are gingerly venturing into the crypto sector. Even as regulators increasingly give their stamp of approval, these banking behemoths are still hesitant to take the plunge into digital currencies.

1 week ago | thenewscrypto.com | Harshini Chakka

Ripple’s CLO calls for clear SEC guidance on crypto token status. Proposes a ‘network maturity’ test to identify non-security assets. Ripple urges SEC collaboration to ensure innovation isn’t stifled. Stuart Alderoty, Ripple’s Chief Legal Officer, formally requested the SEC for a clear-cut mention regarding the classification of cryptocurrencies particularly which are traded on secondary markets.

1 week ago | thenewscrypto.com | Harshini Chakka

U.S. crypto firms urge the CFTC to regulate perpetual futures. Coinbase plans 24/7 futures, pushing for compliant access. Unregulated global markets may pull U.S. traders abroad. The crypto industry is urging the Commodity Futures Trading Commission (CFTC) to establish clear regulations for perpetual contracts, a type of derivative that allows indefinite position holding without expiration.