);)
Bloomberg reported on the 7th, citing anonymous sources, that US President Donald Trump is set to issue an executive order on the 8th to impose fines and penalties on banks that have terminated cryptocurrency company accounts. The Bloomberg report came amid banking associations attempting to block bank account applications for four crypto companies.
2. Ripple-SEC Lawsuit Concluded with Appeal Dismissal
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been concluded with both sides' appeals being dismissed. On the 7th, the US Court of Appeals for the Second Circuit announced the joint dismissal of cross-appeals submitted by Ripple and the SEC. Stuart Alderoty, Ripple's Chief Legal Officer, posted on his X account on the 8th, saying "Now back to business."
3. Ripple Announces Acquisition of Stable Coin Payment Platform 'Rail'
Ripple announced on the 7th that it will acquire the stable payment platform 'Rail' with the aim of expanding its own stablecoin RLUSD. Ripple stated that the acquisition of Rail will be completed in the fourth quarter of this year.
4. UK Energy Company Announces Plan to Mine BTC Using Surplus Gas
UK energy company Jack Oil announced on the 8th its plan to mine Bitcoin (BTC) using surplus gas. Jack Oil explained that it will convert natural gas produced at the Western Newton factory into electricity and use it for Bitcoin mining.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
