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Buried beneath yesterday’s tragedies was some groundbreaking financial news: the CFTC Chairman nominee and Head of Policy for a16z crypto, Brian Quintenz, posted personal messages from the Winklevii regarding whether or not he would support their whims once he became chairman.  The messages, which were lengthy and purposely vague, seem to ask Quintenz to “rectify what happened to [Gemini]” and implement “cultural reform” within the Commodity Futures Trading Commission (CFTC). Quintenz didn’t push back on these requests and implied that when it comes to the CFTC, he does “not have anything close to a full picture of what is going on inside.” Quintenz shared screenshots of his conversions with the Winklevoss twins yesterday on X. The publicly shared Signal messages call into question numerous possible issues with regulators and the industry billionaires they’re supposed to be monitoring. For instance, is it acceptable for Quintenz to be in a private ...

XRP price surged 1.7% following Ripple’s banking license application with the Office of the Comptroller of the Currency on July 2nd, and experts are saying this could be the moment everything changes. The Ripple banking license filing has sparked significant market reaction, with XRP price jumping from $2.237 to $2.274 within hours of the announcement. The move comes as Ripple seeks to position itself as a regulated financial institution, which is something that many investors have been waiting for. At the time of writing, XRP is trading at $2.26, and the momentum seems to be building. Also Read: XRP Rally Prediction: Trader Who Called 2024 Boom Eyes ‘Round 2’ XRP Price Reaction & Ripple Banking License Impact Source: Watcher.Guru XRP’s price movement has accelerated growing investor confidence across numerous significant regulatory frameworks, and it’s about time. Ripple’s application for a national banking charter has positioned the company under federal oversi...

The US Senate passed the landmark GENIUS stablecoin bill, marking a major step forward for crypto regulation. The bill, formally known as the Guiding and Establishing National Innovation for US Stablecoins of 2025 (GENIUS) Act, passed 68–30 after a wave of Democrats joined Republicans to support it. It now heads to the House, where Republicans hold a slim majority. If approved, the bill will go to President Donald Trump’s desk. Trump’s crypto czar David Sacks said in May that Trump will likely sign it into law. “With this bill the United States is one step closer to becoming the global leader in crypto,” said Republican Tennessee Senator Bill Hagerty, who introduced the bill about six weeks ago. Republicans Could Push Stablecoin Bill Through House The GENIUS Act is the first major crypto-related bill to clear the Senate. However, the House does have its own Digital Asset Market Clarity Act, which is a more sweeping crypto bill that would provide a f...