Crypto

Arthur Hayes seized on bitcoin’s move above $80,000 to dismiss the CLARITY Act and argue that higher rates give wealthy investors more money for financial assets. The rally followed the Senate setback and the Federal Reserve’s rate increase. Key Takeaways Arthur Hayes prioritized monetary flows over crypto legislation. He linked higher rates to increased spending on financial assets. His…

Evernorth has agreed to issue a $30 million convertible note to fund XRP purchases and broader ecosystem activity. The financing remains contingent on its proposed merger with Armada Acquisition Corp. II closing during the fourth quarter. Key Takeaways Evernorth agreed to issue $30 million of 4% convertible notes due 2031. Proceeds would support XRP purchases and other ecosystem…

John Reed Stark argues that the SEC’s new regulatory pretensions run counter to a decade of litigation and conflict with the major questions doctrine, stressing that Congress should discuss and regulate matters of such significance. Key Takeaways SEC Chair Atkins proposed a crypto deregulation plan to foster U.S. innovation after the CLARITY Act failed. Ex-SEC official John Reed Stark slammed…

Ripple Chief Legal Officer Stuart Alderoty says XRP’s U.S. regulatory status remains clear following years of litigation and federal agency guidance. He pointed to the 2023 federal court ruling and a March SEC-CFTC interpretation naming XRP a digital commodity. Key Takeaways Alderoty stressed that the 2023 federal court ruling established XRP is not a security. He pointed to SEC-CFTC guidance…